Why is Saraswati Commer falling/rising?

As of 07-Jul, Saraswati Commercial (India) Ltd is experiencing a decline in its stock price, currently at Rs 13,632.35, which reflects a decrease of Rs 667.65 or 4.67%. The stock has underperformed its sector today, falling consecutively for two days with a total decline of 6.44%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has significantly decreased, falling by 86.14% compared to the 5-day average, suggesting a lack of investor interest. Despite a strong performance over the past year with a return of 42.97%, the company's profits have dropped by 48.6%, raising concerns about its long-term fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has declined by 7.42% over the past week while the Sensex has only fallen by 0.20%. This underperformance highlights the stock's struggles despite a notable increase in promoter confidence, with a 1.67% increase in their stake, indicating a belief in the company's future. However, the company is facing significant operational losses and weak long-term fundamentals, which contribute to the current downward pressure on the stock price. Overall, while there are some positive indicators, the negative financial results and declining investor participation are driving the stock lower.