Why is Smartlink Hold. falling/rising?

As of 29-Aug, Smartlink Holdings Ltd is experiencing a decline in its stock price, currently at Rs 138.00, reflecting a decrease of Rs 8.00 or 5.48%. The stock has underperformed its sector by 6.11% today and has been on a downward trend for the last three days, with a total drop of 6.35% in that period. It opened with a loss of 5.48% and has not traded outside this price range. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, falling by 48.1% compared to the 5-day average, indicating a lack of investor interest. The company's weak long-term fundamentals, highlighted by an average Return on Equity (ROE) of 3.99% and a decline in operating profit growth, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Smartlink Holdings Ltd has underperformed compared to the Sensex, with a 1-week return of -6.35% against the benchmark's -1.84%. Over the past year, the stock has generated a return of -44.62%, while the Sensex has only declined by 2.83%. This stark contrast underscores the stock's poor performance relative to the market. The company's flat results in recent quarters, including a significant drop in profit after tax and low cash reserves, coupled with its negative operating profits, paint a concerning picture for potential investors. Overall, the combination of weak financial performance and declining investor participation suggests a challenging outlook for Smartlink Holdings Ltd.