Why is Renaiss. Global falling/rising?

As of 23-Jun, Renaissance Global Ltd's stock price is currently at 116.60, reflecting a decrease of 2.9, or 2.43%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 5.93%. Despite opening with a gain of 4.35% today and reaching an intraday high of Rs 124.7, it quickly dropped to a low of Rs 116.2. The stock has shown significant volatility today, with an intraday volatility of 5.06%. Over the past week, the stock has underperformed the sector by 2.09% and has experienced a notable decline of 14.36% over the past month. While the stock has generated a return of 11.69% over the past year, its long-term fundamentals are weak, with a negative CAGR growth in operating profits over the last five years and low profitability metrics.
In the broader market context, the Sensex has shown a slight increase of 0.12% over the past week, contrasting with Renaissance Global's decline of 6.35% during the same period. This underperformance is compounded by a decrease in investor participation, as evidenced by a 6.89% drop in delivery volume compared to the five-day average. Although institutional investors have increased their stake in the company, indicating some level of confidence, the overall weak long-term fundamentals and recent flat results have contributed to the stock's downward trend. The stock is currently trading at a discount compared to its peers, but the combination of high volatility and declining operating metrics suggests caution among investors.