Why is Orient Tech. falling/rising?

As of 29-Aug, Orient Technologies Ltd is currently priced at 303.15, reflecting a slight increase of 0.45 (0.15%). The stock has recently shown a trend reversal, gaining after three consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite a performance today that outperformed its sector by 0.83%, the stock has experienced a significant decline of 36.96% year-to-date, while its profits have risen by 22%. The low debt-to-equity ratio and an attractive valuation with a price-to-book value of 3.8 suggest some positive fundamentals; however, the recent flat results and a decrease in institutional investor participation raise concerns about its long-term growth potential.
In the broader market context, the stock has underperformed compared to the Sensex, which has seen a slight increase of 2.14% year-to-date, while Orient Technologies has dropped significantly. Over the past week and month, the stock has declined by 3.76% and 6.55%, respectively, compared to the Sensex's losses of 1.84% and 1.88%. This underperformance highlights the challenges the company faces in attracting investor confidence, especially as institutional investors have reduced their stakes. The combination of falling participation from these investors and the recent poor quarterly results suggests that while there may be short-term gains, the long-term outlook remains uncertain.