Why is SPA CAPT SER falling/rising?

As of 17-Jul, SPA Capital Services Ltd is experiencing a decline in its stock price, currently at Rs 126.50, reflecting a decrease of Rs 6.65 or 4.99%. The stock has underperformed its sector by 4.66% today and has been on a downward trend, losing 9.74% over the last two days. Additionally, it has consistently underperformed against the benchmark, with a one-week return of -18.52% compared to the Sensex's -1.12%. The stock is trading below all its moving averages, indicating a bearish trend. Despite some positive financial results reported for the last six months, including a significant growth in net sales, the stock's return on equity is low at 3.9, and it is considered to have an expensive valuation with a price-to-book ratio of 2.3.
Broader Market Context: The broader market context shows that while the Sensex has gained 0.83% over the past month and 5.27% year-to-date, SPA Capital Services Ltd has seen a decline of 15.67% and 16.64% in the same periods, respectively. This consistent underperformance against the benchmark highlights the stock's struggles in attracting investor interest, as evidenced by a significant drop in delivery volume. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative, contributing to its current price decline.