Why is Last Mile Enter. falling/rising?

As of 02-Jul, Last Mile Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 20.37, reflecting a decrease of Rs 1.37 or 6.3%. The stock has underperformed its sector by 5.07% today and has been on a downward trend for the last two days, resulting in a total drop of 12.12%. Over the past month, the stock has seen a significant decline of 9.31%, while its year-to-date performance shows a staggering drop of 41.31%. Despite a growth in net sales and positive results over the last three quarters, the company's operating losses and weak long-term fundamentals, highlighted by a low return on equity of 4.1 and an expensive valuation, contribute to the stock's negative movement.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.79% over the past week and 6.75% year-to-date. This underperformance is further emphasized by the stock's one-year return of -73.77%, while the market has generated positive returns of 3.11% in the same period. Although there has been an increase in institutional investor participation, which may indicate some confidence in the company's potential, the overall sentiment remains cautious due to the company's ongoing operating losses and the significant disparity in performance compared to the broader market.