Why is Route Mobile falling/rising?

As of 29-Aug, Route Mobile Ltd's stock price is currently at Rs. 847.60, reflecting a decrease of Rs. 9.4 or 1.1%. The stock has hit a new 52-week low today and has been on a downward trend, losing value for the past six consecutive days, resulting in a total decline of 6.49% during this period. Additionally, the stock has underperformed its sector by 0.42%. Over the past week, Route Mobile has experienced a decline of 3.82%, and its year-to-date performance shows a significant drop of 39.07%. Despite having a high management efficiency with a return on equity (ROE) of 15.76% and healthy long-term growth rates in net sales and operating profit, the stock's recent performance has been negatively impacted by a 46.56% decline in returns over the last year, alongside a 22.04% decrease in profit after tax over the latest six months.
In the broader market context, Route Mobile's performance has been notably weaker compared to the benchmark, with a 1-month return of -7.37% against the Sensex's -1.88%. The stock has consistently underperformed against the benchmark over the last three years, contributing to a lack of confidence among institutional investors, who have reduced their stake by 1.12% in the previous quarter. This decline in institutional participation, combined with the company's negative financial results and falling investor interest, has created a challenging environment for Route Mobile, leading to its current price decline.