Why is Updater Services falling/rising?

As of 13-Aug, Updater Services Ltd is experiencing a decline in its stock price, currently at Rs. 242.85, which represents a decrease of Rs. 8.95 or 3.55%. The stock has hit a new 52-week low of Rs. 239.3 today and has been on a consecutive downward trend for the past seven days, resulting in a total decline of 16.93% during this period. Additionally, the stock has underperformed its sector by 3.31% today and is trading below all its moving averages, indicating a bearish sentiment. Over the past year, the stock has generated a return of -22.33%, while its profits have risen by 48.9%, suggesting a disconnect between stock performance and company fundamentals. However, the recent flat results reported on June 25 and a decrease in institutional investor participation, which has fallen by 1.61%, have contributed to the negative sentiment surrounding the stock.
In the broader market context, Updater Services has significantly underperformed against the benchmark, with a one-week return of -10.16% compared to a negligible change of -0.01% for the Sensex. Over the past month, the stock has declined by 14.80%, while the benchmark has only decreased by 2.38%. This consistent underperformance over the last three years, coupled with a lack of investor confidence as indicated by falling institutional stakes, has further pressured the stock price. Despite the company's low debt-to-equity ratio and attractive valuation metrics, the ongoing decline in stock price reflects broader market concerns and investor sentiment that outweigh the positive fundamentals.