Why is Shrydus Indust. falling/rising?

As of 11-Jun, Shrydus Industries Ltd is experiencing a decline in its stock price, currently at 5.66, which reflects a decrease of 0.11 or 1.91%. The stock has been underperforming significantly, having fallen consecutively for the last eight days, resulting in a total return of -14.37% during this period. Additionally, the stock's performance over the past year shows a staggering decline of 66.81%, while the company has reported an increase in profits by 775%. Despite a very attractive valuation indicated by a return on equity of 16.4 and a low price-to-book ratio, the company is facing operating losses and weak long-term fundamental strength, contributing to the stock's downward trend.
In the broader market context, Shrydus Industries has underperformed the Sensex, which has gained 1.87% over the past week while the stock itself has dropped by 9.29%. The stock's liquidity appears to be diminishing, with a significant drop in delivery volume by 81.29% compared to the five-day average, indicating a lack of investor interest. This decline in participation, coupled with the company's flat financial results and below-par performance in both the near and long term, suggests that investors are wary of the stock's future prospects, leading to its current downward trajectory.