Why is Pilani Invest. falling/rising?

As of 31-Oct, Pilani Investment & Industries Corporation Ltd is experiencing a decline in its stock price, currently at Rs 5,220.00, which reflects a decrease of Rs 104.75 or 1.97%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.6% during this period. It opened the day with a loss of 2.14% and reached an intraday low of Rs 5,130, indicating significant selling pressure. The stock's performance over the past year has been particularly poor, with a return of -20.16%, while its profits have plummeted by 64.3%. The company has also reported negative results for the last three consecutive quarters, contributing to a weak long-term fundamental outlook.
In the broader market context, the stock has notably underperformed compared to the benchmark, with the Sensex showing a positive return of 3.65% over the past month, while Pilani Investment has declined by 3.30%. This stark contrast highlights the stock's struggles in attracting investor confidence, as evidenced by a significant drop in delivery volume, which fell by 86.68% against the five-day average. Furthermore, the lack of domestic mutual fund investment, which stands at 0%, suggests that institutional investors may be wary of the stock's valuation and business prospects. Overall, the combination of weak financial performance, declining investor participation, and poor relative returns has led to the stock's current downward trajectory.