Why is Kridhan Infra falling/rising?

As of 24-Sep, Kridhan Infra Ltd is currently priced at 3.82, reflecting a slight increase of 0.02 or 0.53%. Despite this uptick today, the stock has shown a negative performance trend, with a 1-week decline of 3.29% and a 1-month decrease of 4.26%. The stock is trading below its moving averages across all time frames, indicating a bearish sentiment. Additionally, the company has a negative book value and a weak long-term fundamental strength, as evidenced by a low Return on Equity of 8.20%. The recent flat results and the lowest Return on Capital Employed at -0.75% further highlight the company's struggles. Institutional investor participation has also decreased, with a 3.42% reduction in their stake, which may contribute to the stock's volatility and lack of confidence among retail investors.
Broader market context shows that while Kridhan Infra has outperformed its sector by 2.95% today, the overall construction and real estate sector has declined by 2.38%. In comparison to the benchmark, the stock's performance has been underwhelming, with a year-to-date return of -34.02% against the Sensex's gain of 4.58%. This stark contrast in performance indicates that the stock is not only struggling in the short term but also underperforming in the long term, as it has lagged behind the BSE500 over the past three years and one year. The combination of poor financial metrics, declining investor interest, and sector-wide challenges contributes to the stock's overall negative outlook.