Why is Likhitha Infra falling/rising?

As of 29-Jul, Likhitha Infrastructure Ltd is experiencing a decline in its stock price, currently at Rs 274.00, which reflects a decrease of Rs 5.8 or 2.07%. The stock has underperformed its sector by 3.27% today and has touched an intraday low of Rs 273.35. Over the past week, the stock has decreased by 2.63%, and in the last month, it has fallen by 5.44%. Despite a rise in delivery volume by 7.78% against the 5-day average, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has shown a negative return of -36.47% over the past year, despite a 5.8% increase in profits, indicating a disconnect between profit growth and stock performance. Additionally, the company has a low Debt to Equity ratio and an attractive valuation with a Price to Book Value of 3, but the poor long-term growth and decreasing institutional investor participation are concerning factors.
In the broader market context, Likhitha Infrastructure Ltd's performance has been significantly worse than the benchmark, with a one-year return of -36.47% compared to the BSE500's -2.26%. This stark contrast highlights the company's struggles relative to the market. The stock's recent performance is compounded by a decline in institutional investor stakes, which fell by 0.77% in the previous quarter, suggesting a lack of confidence from more knowledgeable investors. Overall, the combination of underperformance against benchmarks, declining institutional interest, and flat operating profit growth contributes to the stock's downward trajectory.