Why is Response Info. falling/rising?

As of 14-Aug, Response Informatics Ltd is experiencing a significant decline in its stock price, currently at Rs 27.40, which represents a decrease of 20.0%. The stock has reached a new 52-week low today and has underperformed its sector by 13.62%. Over the past month, the stock has dropped by 21.71%, and it has generated a staggering return of -62.97% over the last year, indicating a severe decline in performance. The company's recent financial results show operating losses, with net sales at their lowest and a negative profit before tax, contributing to the stock's downward trend. Despite having a relatively attractive valuation with a 1.4 Price to Book Value and a return on equity of 13.6, the overall weak long-term fundamentals and significant losses have overshadowed these positive factors.
In the broader market context, the Sensex has shown a slight decline of 0.03% over the past week, while Response Informatics Ltd has significantly underperformed, highlighting its struggles in comparison to the benchmark. The stock's performance has been below par not only in the short term but also over the last three years, where it has underperformed the BSE500 index. This persistent underperformance, coupled with high volatility and a wide trading range today, reflects a lack of investor confidence, further exacerbated by the company's weak financial results and operational challenges.