Why is Spacenet Enterpr falling/rising?

As of 18-Nov, Spacenet Enterprises India Ltd is experiencing a decline in its stock price, currently at 8.41, which reflects a decrease of 0.16 or 1.87%. The stock has underperformed its sector by 1.24% today and has shown a negative trend over various periods, including a 7.58% drop over the past week and a staggering 56.56% decline year-to-date. Although the stock is trading higher than its 100-day moving average, it remains below its 5-day, 20-day, 50-day, and 200-day moving averages. Despite these challenges, the company has demonstrated healthy long-term growth, with an operating profit growth rate of 131.71% and positive results for the last three consecutive quarters, including a highest operating cash flow of Rs 17.48 Cr and a net sales growth of 28.06% in the latest six months.
In the broader market context, the Sensex has shown resilience with a 0.84% gain over the past week, contrasting sharply with Spacenet's negative performance. The stock's year-to-date return of -56.56% starkly contrasts with the Sensex's positive return of 9.58%, indicating a significant underperformance relative to the market. The company's low debt-to-equity ratio and fair valuation, alongside a PEG ratio of 1.2, suggest potential for recovery; however, the substantial decline in stock price over the past year, despite a 29.6% rise in profits, raises concerns among investors. The majority of shareholders being non-institutional may also contribute to the stock's volatility and perception in the market.