Why is Renaiss. Global falling/rising?

As of 19-Nov, Renaissance Global Ltd is experiencing a decline in its stock price, currently at Rs 128.20, reflecting a decrease of Rs 4.85 or 3.65%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 9.75% over the past week. Today's trading saw the stock touch an intraday low of Rs 128.20, and it has shown reduced investor participation, with delivery volume dropping by 64.67% compared to the five-day average. Despite positive quarterly results indicating growth in profit before tax, profit after tax, and net sales, the stock has still generated a negative return of 24.68% over the past year, which may contribute to the current downward pressure.
In the broader market context, the Sensex has shown a positive return of 0.85% over the past week, contrasting sharply with Renaissance Global's significant decline. This underperformance against the benchmark highlights a lack of investor confidence in the stock, despite its attractive valuation metrics and growth in profits. The stock's current trading price is also below its moving averages, indicating a bearish trend. Overall, while the company has demonstrated strong financial performance in its latest results, the stock's recent price movement reflects broader market dynamics and investor sentiment that are currently unfavorable.