Why is Vakrangee falling/rising?

As of 10-Jul, Vakrangee Ltd's stock price is currently at 9.95, reflecting a decrease of 0.04, or 0.4%. The stock's performance today is in line with its sector, although it is higher than the 20-day moving average but lower than the 5-day, 50-day, 100-day, and 200-day moving averages. Notably, the stock has seen a decline in investor participation, with delivery volume dropping by 51.79% compared to the 5-day average. Over the past year, the stock has generated a return of -54.04%, significantly underperforming against the benchmark, while the company has reported positive results for the last five consecutive quarters, including a 24.29% growth in net sales. However, the long-term growth outlook remains poor, with a negative annual growth rate in net sales and operating profit over the last five years, contributing to the stock's downward pressure.
In the broader market context, the stock's short-term return of +0.30% over the past week contrasts with the Sensex, which has seen a slight decline of 0.06%. Despite the recent positive quarterly results, the stock has consistently underperformed against the benchmark over the last three years, with a significant drop in promoter confidence as they have reduced their stake by 1.62%. The stock's high valuation, indicated by a Price to Book Value of 5.3, further exacerbates concerns, especially given its low return on equity of 3.3. Overall, these factors suggest that while there are some positive indicators, the combination of poor long-term growth prospects and reduced confidence from promoters is contributing to the stock's current decline.