Why is Pakka falling/rising?

As of 14-Nov, Pakka Ltd's stock price is currently at Rs. 114.55, reflecting a decrease of Rs. 3.15 or 2.68%. The stock has recently hit a new 52-week low of Rs. 113.85 and has been on a downward trend, having fallen consecutively for the last two days, resulting in a total decline of 4.62%. Over the past week, the stock has underperformed significantly, with a return of -13.97%, while the Sensex has gained 1.62%. The company has also reported a substantial decline in profits, with a year-over-year return of -61.56% and a staggering -80.6% drop in profits, which has contributed to negative investor sentiment. Additionally, the stock is trading below all key moving averages and has seen a decrease in investor participation, with delivery volumes down by 8.72% compared to the five-day average.
In the broader market context, Pakka Ltd's performance has been notably poor compared to the benchmark, as it has underperformed the Sensex over various time frames, including the last year and three years. While the Sensex has shown a positive return of 8.22% year-to-date, Pakka's year-to-date return stands at a troubling -63.29%. The decline in institutional investor participation, with a decrease in their stake by 0.53%, further highlights the lack of confidence in the stock, as these investors typically have more resources to analyze company fundamentals. Overall, the combination of poor financial results, declining investor interest, and significant underperformance relative to the market has led to the stock's current downward trajectory.