Why is Renaiss. Global falling/rising?

As of 24-Sep, Renaissance Global Ltd's stock price is currently at Rs 117.95, reflecting a decrease of Rs 2.95 or 2.44%. The stock has underperformed its sector today by 1.81% and has experienced a trend reversal after two consecutive days of gains. It touched an intraday low of Rs 117.35, indicating a significant drop. Over the past week, the stock has declined by 3.36%, while it has shown a modest increase of 3.01% over the past month. Despite a return of -2.80% over the last year, the company's profits have risen by 2.2%. Promoter confidence appears to be rising, with a 3.52% increase in their stake, suggesting optimism about the company's future. However, the stock's long-term fundamentals are weak, evidenced by a low average Return on Capital Employed (ROCE) of 8.16% and flat sales growth.
In the broader market context, the Sensex has decreased by 1.18% over the past week, indicating that the stock's short-term decline is more pronounced than the benchmark. While Renaissance Global has outperformed the Sensex over the past month, its year-to-date performance shows a stark contrast, with a decline of 31.44% compared to the Sensex's gain of 4.58%. The falling investor participation, with a 43.39% drop in delivery volume, further highlights the stock's current challenges in attracting investor interest, despite its attractive valuation relative to peers.