Why is Likhitha Infra falling/rising?

As of 22-Aug, Likhitha Infrastructure Ltd's stock price is currently at 249.00, reflecting a decrease of 1.75, or 0.7%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.95% during this period. It opened with a loss of 2.25% today and reached an intraday low of Rs 245.1. Over the past month, the stock has seen a significant decline of 11.51%, while its year-to-date performance shows a staggering drop of 29.18%. Despite a low debt-to-equity ratio and an attractive return on equity of 18.6, the stock's valuation is overshadowed by poor long-term growth prospects, as evidenced by a mere 10.34% annual growth in operating profit over the last five years and a substantial 40.67% decline in returns over the past year.
In the broader market context, Likhitha Infrastructure's performance has been notably weaker compared to the benchmark, with the Sensex gaining 0.88% over the past week while Likhitha's stock only increased by 0.59%. The stock has also underperformed the market significantly over the last year, where the BSE500 index recorded a negative return of 2.49%. Additionally, there has been a decrease in institutional investor participation, which could indicate a lack of confidence in the stock's future performance. The combination of falling sales, rising raw material costs, and negative quarterly results has contributed to the stock's downward trajectory, making it less appealing to both retail and institutional investors.