Why is Nettlinx falling/rising?

As of 01-Oct, Nettlinx Ltd's stock price is currently at Rs 27.62, reflecting a decline of Rs 1.45 or 4.99%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 9.71%. It opened the day with a loss of 4.99% and has not traded outside this price range. Despite a recent increase in investor participation, with delivery volume rising significantly, the stock has shown a poor performance over the past year, with a staggering decline of 67.50%. While the company has a relatively attractive valuation and promoters have increased their stake, indicating confidence, the overall fundamentals remain weak, with a negative growth trajectory in profits and significant underperformance compared to its peers.
In the broader market context, Nettlinx's recent performance contrasts sharply with the benchmark Sensex, which has seen a slight decline of 0.90% over the past week. The stock's short-term return of 9.43% over the last week is notable; however, this is overshadowed by its long-term performance, where it has significantly lagged behind the market, with a year-to-date decline of 64.59% compared to the Sensex's modest gain of 3.64%. This stark difference highlights the challenges faced by Nettlinx in regaining investor confidence and improving its market standing amidst a generally stable market environment.