Why is Shrydus Indust. falling/rising?

As of 21-Aug, Shrydus Industries Ltd is experiencing a decline in its stock price, currently at 4.01, which reflects a decrease of 0.15 or 3.61%. The stock has been underperforming significantly, having fallen consecutively for the last five days, resulting in a total drop of 17.49% during this period. Additionally, it is trading below all key moving averages, indicating a bearish trend. The stock has also underperformed its sector by 3.62% today. Over the past year, Shrydus Industries has seen a staggering decline of 77.72%, despite reporting positive net sales and profit after tax figures for the nine-month period ending June 25, which suggests that while the company has improved its profitability, the overall market perception remains negative due to operating losses and weak long-term fundamentals. In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-year return of -77.72% compared to the BSE500's decline of only 1.56%. This stark contrast highlights the stock's significant underperformance relative to the market. The recent drop in delivery volume by 35.81% against the five-day average further indicates a lack of investor confidence, contributing to the stock's liquidity issues. Despite the attractive valuation metrics, such as a low price-to-book ratio and a decent return on equity, the prevailing sentiment remains bearish, primarily due to the company's operational challenges and the substantial losses it has incurred over the past year.