Why is Kridhan Infra falling/rising?

As of 19-Sep, Kridhan Infra Ltd's stock price is currently at 3.95, reflecting an increase of 0.03 or 0.77%. The stock has shown a trend reversal by gaining after two consecutive days of decline and has outperformed its sector by 0.47% today. Despite this short-term gain, the stock has underperformed in the longer term, with a year-to-date return of -31.78% and a one-year return of -20.84%. The company has a negative book value and has demonstrated weak long-term fundamental strength, with a low average return on equity of 8.20%. Additionally, institutional investor participation has decreased, indicating a lack of confidence in the stock's fundamentals.
In the broader market context, the Sensex has increased by 0.88% over the past week, while Kridhan Infra's stock has declined by 0.25% during the same period. Although the stock has shown some positive movement today, its overall performance remains below par compared to the benchmark, particularly in the long term. The stock's liquidity appears adequate for trading, but the negative book value and falling institutional interest suggest that investors may remain cautious moving forward.