Why is Likhitha Infra falling/rising?

As of 04-Aug, Likhitha Infrastructure Ltd's stock price is currently at 276.40, reflecting an increase of 4.05, or 1.49%. Today's price movement indicates a trend reversal as the stock has gained after two consecutive days of decline. However, it is important to note that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend overall. Additionally, the stock has underperformed the market significantly over the past year, with a return of -36.75% compared to the Sensex's slight gain of 0.05%. Despite this, the company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 2.9, which may provide some support for the stock's current price.
In the broader market context, Likhitha Infrastructure's recent performance shows a decline of 1.22% over the past week, while the Sensex has increased by 0.16%. This underperformance highlights the stock's struggles relative to the market. Furthermore, there has been a notable decrease in institutional investor participation, with a reduction of 0.77% in their stakes, indicating a lack of confidence from more knowledgeable investors. Although the company's profits have risen by 5.8% over the past year, the overall sentiment remains cautious due to poor long-term growth prospects and a significant decline in stock value compared to the broader market.