Why is Urja Global falling/rising?

As of 01-Aug, Urja Global Ltd is experiencing a decline in its stock price, currently at 13.84, which reflects a decrease of 0.14 or 1.0%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 3.76%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite declaring positive results for the last three consecutive quarters, including a significant growth in net sales, the company faces challenges such as weak long-term fundamental strength, a declining return on equity, and reduced promoter confidence, with promoters decreasing their stake by 0.78%.
In the broader market context, Urja Global's performance has been notably weaker than the benchmark, with a one-week return of -4.55% compared to the Sensex's -1.06%. Over the past year, while the stock has declined by 34.78%, the broader market has only fallen by 1.55%. This significant underperformance highlights the stock's struggles in gaining investor confidence, particularly in light of its poor profitability metrics and high valuation compared to peers. The combination of these factors contributes to the stock's downward trajectory in the current market environment.