Why is Route Mobile falling/rising?

As of 22-Sep, Route Mobile Ltd's stock price is currently at 844.00, reflecting a decrease of 12.75 or 1.49%. The stock has hit a new 52-week low of Rs. 840.15 today and has been on a downward trend, losing 3.98% over the last two days. In the past week, the stock has underperformed the benchmark Sensex, with a return of -2.09% compared to the Sensex's +0.46%. Additionally, the stock has shown significant underperformance over longer periods, with a year-to-date decline of 39.32% and a one-year return of -47.22%. Despite some positive factors such as high management efficiency and healthy long-term growth in net sales, the stock's recent performance has been negatively impacted by disappointing quarterly results, falling participation from institutional investors, and a general underperformance compared to its peers.
Broader market context indicates that the IT - Software sector has also faced challenges, with a decline of 2.6%. While the Sensex has shown a slight positive return in the past week and month, Route Mobile's performance has been notably poor, indicating a lack of investor confidence. The decrease in institutional investor stakes suggests a broader concern regarding the company's fundamentals, which may be contributing to the stock's decline. Overall, the combination of negative financial results, reduced institutional interest, and sector-wide challenges has led to Route Mobile's stock price falling in the current market environment.