Why is Vakrangee falling/rising?

As of 08-Jul, Vakrangee Ltd's stock price is currently at 9.95, reflecting a decrease of 0.1, or 1.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.49% during this period. Additionally, the stock has underperformed its sector by 1.27% today. Over the past week, it has experienced a decline of 3.68%, while its performance over the past month shows a modest increase of 3.97%. Despite positive results in the last five quarters, including a 24.29% growth in net sales, the long-term outlook remains poor, with an annual decline in net sales of 17.94% over the last five years. The reduction in promoter confidence, as evidenced by a 1.62% decrease in their stake, further exacerbates concerns about the stock's future.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Vakrangee's decline. The stock's year-to-date performance is particularly concerning, with a staggering drop of 70.86%, while the benchmark has gained 7.13% during the same period. This consistent underperformance against the benchmark over the last three years, coupled with a high price-to-book value ratio and a low return on equity, indicates that investors may be losing confidence in Vakrangee's ability to deliver sustainable growth.