Why is Shrydus Indust. falling/rising?

As of 31-Jul, Shrydus Industries Ltd is experiencing a decline in its stock price, currently at 4.42, reflecting a decrease of 0.09 or 2.0%. The stock has underperformed its sector by 1.46% today and has been on a downward trend, losing 9.24% over the past week. It has consistently fallen for the last five days and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 73.88% compared to the 5-day average. Despite a very attractive valuation indicated by a return on equity of 16.4 and a low price-to-book value of 0.3, the stock has suffered a staggering 78.28% decline over the past year, even as profits have risen by 775%. The company is also facing operating losses, contributing to its weak long-term fundamental strength. In the broader market context, Shrydus Industries has significantly underperformed the benchmark, with a one-year return of -78.28% compared to the BSE500's negative return of -3.20%. This stark contrast highlights the stock's struggles relative to the overall market. The stock's recent performance, characterized by consecutive losses and declining investor interest, suggests a lack of confidence among investors, further exacerbated by the company's operational challenges. Overall, the combination of poor short-term performance, weak fundamentals, and declining trading activity contributes to the stock's downward trajectory.