Why is Updater Services falling/rising?

As of 24-Sep, Updater Services Ltd is experiencing a decline in its stock price, currently at 252.00, reflecting a decrease of 2.45 (-0.96%). The stock has been on a downward trend, having lost value for the last three consecutive days, resulting in a total return of -2.87% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Updater Services has generated a return of -32.83%, significantly underperforming compared to the BSE500 index, which has seen a decline of only -3.77%. While the company has shown healthy long-term growth with a 32.37% annual increase in operating profit and a low debt-to-equity ratio, the recent flat results reported in June and a decrease in institutional investor participation have negatively impacted investor sentiment.
In the broader market context, Updater Services' short-term performance of -2.67% over the past week contrasts with the Sensex, which has only declined by -1.18%. This underperformance highlights the stock's struggle relative to the benchmark. The decrease in institutional investor stakes, which fell by 1.61% in the previous quarter, suggests a lack of confidence among more knowledgeable investors, further contributing to the stock's decline. Despite the attractive valuation metrics and rising delivery volumes indicating some investor interest, the overall sentiment remains bearish due to the stock's poor performance in both the near and long term.