Why is Shrydus Indust. falling/rising?

As of 25-Jun, Shrydus Industries Ltd is experiencing a decline in its stock price, currently at 4.67, which reflects a decrease of 0.09 or 1.89%. The stock has been underperforming significantly, with a consecutive fall over the last 18 days resulting in a total decline of 29.35%. In terms of returns, the stock has dropped 9.14% over the past week, 22.30% over the past month, and a staggering 70.59% year-to-date, while the benchmark Sensex has shown positive returns during these periods. Despite a very attractive valuation indicated by a 0.3 Price to Book Value and a return on equity of 16.4, the company is facing operating losses and weak long-term fundamentals, which have contributed to the negative sentiment surrounding the stock. In the broader market context, Shrydus Industries Ltd has significantly underperformed the Sensex, which has gained 1.61% over the past week and 5.91% year-to-date. The stock's performance is further exacerbated by its flat results reported for March 25, where it recorded the lowest figures in key financial metrics. Although there has been a rise in investor participation with an increase in delivery volume, the overall liquidity remains low, and the stock continues to trade below all major moving averages. This combination of poor financial performance, significant losses, and underwhelming market returns has led to a prevailing bearish outlook for Shrydus Industries Ltd.