Why is PDS falling/rising?

As of 14-Oct, PDS Ltd's stock price is currently at Rs. 294.50, reflecting a decrease of Rs. 4.65 or 1.55%. The stock has recently hit a new 52-week low of Rs. 290 and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total decline of 5.46% during this period. Over the past week, PDS has underperformed its sector by 1.24%, and its year-to-date return stands at a significant loss of 49.05%. While the company shows strong management efficiency and a healthy ability to service debt, negative financial results reported in June, including a substantial drop in profit before tax and profit after tax, have contributed to the stock's decline. Additionally, there has been a decrease in institutional investor participation, which may signal a lack of confidence among more knowledgeable investors.
In the broader market context, PDS Ltd's performance has lagged behind the Sensex, which has seen a slight increase of 0.13% over the past week. The stock's long-term performance is also concerning, with a 43.98% decline over the past year compared to the Sensex's modest gain of 0.07%. This underperformance in both short-term and long-term metrics, coupled with the recent negative financial results and reduced institutional interest, has likely contributed to the stock's downward trajectory.