Why is Vakrangee falling/rising?

As of 11-Jul, Vakrangee Ltd's stock price is currently at 9.98, reflecting an increase of 0.03 or 0.3%. Despite this slight uptick, the stock has shown a negative trend over the past week and month, with returns of -1.19% and -0.80%, respectively. The stock has outperformed its sector by 2.44% today, although it remains below its 5-day, 100-day, and 200-day moving averages. The company has reported positive results over the last five consecutive quarters, with net sales growing by 24.29% and profit after tax reaching its highest at Rs 2.54 crore. However, the long-term growth outlook remains poor, with a significant annual decline in net sales and operating profit over the last five years, coupled with a high price-to-book value ratio indicating an expensive valuation.
Broader market context shows that while Vakrangee has outperformed its sector today, it has consistently underperformed against the benchmark, with a staggering -54.53% return over the past year compared to the Sensex's +3.26%. The stock's performance has been further impacted by a decrease in promoter confidence, as they have reduced their stake by 1.62%, signaling potential concerns about the company's future. Additionally, the falling investor participation, evidenced by a 14.9% drop in delivery volume, suggests a lack of interest from the market, which may contribute to the stock's struggles in gaining traction despite recent positive quarterly results.