Why is TCI Express falling/rising?

As of 11-Jun, TCI Express Ltd is experiencing a decline in its stock price, currently at Rs 772.50, which reflects a decrease of 23.0 points or 2.89%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total return of -5.81% over the past week. Additionally, the stock's performance over the last year shows a significant decline of -31.78%, while profits have also decreased by 31.1%. Despite having a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 3.9, the company has reported negative results for the last six consecutive quarters, which has contributed to the stock's recent downward trend.
In the broader market context, TCI Express's performance contrasts sharply with the benchmark Sensex, which has gained 1.87% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with a poor long-term growth outlook, has likely influenced investor sentiment negatively. The falling investor participation, indicated by a significant drop in delivery volume, further suggests a lack of confidence in the stock's potential for recovery. Overall, the combination of disappointing financial results and a weak market position has led to the stock's decline.