Why is Last Mile Enter. falling/rising?

As of 17-Jul, Last Mile Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 17.90, which represents a decrease of Rs 1.4 or 7.25%. The stock has hit a new 52-week low of Rs 17.3 today and has underperformed its sector by 6.92%. Over the past four days, the stock has consistently fallen, accumulating a total decline of 11.56%. Despite opening with a gain of 3.52% and reaching an intraday high of Rs 19.98, it has faced significant volatility, trading within a wide range of Rs 2.68. The company has reported positive growth in net sales and profits over recent quarters; however, it is also facing operating losses and has a weak long-term fundamental strength, which contributes to the negative sentiment surrounding the stock.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a one-week return of -9.18% against the Sensex's -1.12%. Over the past year, Last Mile Enterprises has generated a staggering return of -75.65%, while the broader market has seen a modest gain of 1.91%. This stark contrast indicates that despite some positive financial results, investor confidence remains low, as evidenced by the lack of domestic mutual fund investment in the company. The combination of high volatility, recent losses, and underperformance relative to the market suggests that investors are cautious, leading to the stock's current downward trend.