Why is Transcorp Intl. falling/rising?

As of 09-Sep, Transcorp International Ltd is currently priced at 23.43, reflecting a decline of 0.42, or 1.76%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 2.38% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has also experienced a significant drop in investor participation, with delivery volume decreasing by 40.9% compared to the 5-day average. Despite a relatively attractive valuation with a return on equity (ROE) of 15.5 and a price-to-book value of 1.1, the company has reported a staggering 91.8% decline in profits over the past year, contributing to its negative performance of -36.33% in the last year.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -3.94% while the Sensex has gained 1.18%. This consistent underperformance against the benchmark over the last three years, coupled with negative results in the last three consecutive quarters, has raised concerns among investors. Although there is some positive sentiment due to promoters increasing their stake by 0.68%, the overall weak long-term fundamentals, including a negative growth rate in net sales and a low inventory turnover ratio, suggest that the stock's recent decline is likely to continue unless significant improvements are made.