Why is Route Mobile falling/rising?

As of 01-Sep, Route Mobile Ltd is currently priced at 850.85, reflecting an increase of 3.25 (0.38%). Despite this slight uptick, the stock has recently hit a new 52-week low of Rs.841.6 and has underperformed its sector by 0.89%. Over the past week, the stock has declined by 2.76%, and it has seen a significant drop of 46.01% over the past year. The company has shown high management efficiency with a return on equity (ROE) of 15.76% and a low debt-to-equity ratio, indicating financial stability. However, negative results from the latest quarter, including a 31.1% decline in profit before tax and a 22.04% drop in profit after tax, have contributed to investor concerns. Additionally, there has been a decrease in institutional investor participation, which may signal a lack of confidence in the stock's future performance.
Broader Market Context: In comparison to the benchmark, Route Mobile has consistently underperformed, with a year-to-date return of -38.83% against the Sensex's gain of 2.85%. The stock's performance has been particularly weak over the last three years, where it has generated negative returns and lagged behind the broader market. This consistent underperformance, coupled with falling investor participation and recent negative financial results, suggests that while there may be some short-term gains, the overall sentiment remains cautious, impacting the stock's potential for recovery in the near term.