Why is Kridhan Infra falling/rising?

As of 17-Sep, Kridhan Infra Ltd's stock price is currently at 3.95, reflecting a decrease of 0.01 or 0.25%. The stock has underperformed its sector today by 0.77%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a modest gain of 1.02%, but it has significantly lagged behind the Sensex, which has risen by 1.56%. The company is facing challenges, including a negative book value and a weak long-term fundamental strength, evidenced by a low average return on equity of 8.20%. Additionally, institutional investors have reduced their stakes by 3.42%, indicating a lack of confidence in the stock's prospects.
In the broader market context, while Kridhan Infra has experienced a slight uptick in the short term, its year-to-date performance is notably poor, with a decline of 31.78% compared to the Sensex's gain of 5.83%. The stock's long-term performance is also concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. Despite a significant increase in profits over the past year, the stock's negative book value and the decline in institutional participation suggest that investors are wary, contributing to its overall downward trend.