Why is Vakrangee falling/rising?

As of 13-Aug, Vakrangee Ltd's stock price is currently at 8.73, reflecting a slight increase of 0.01 (0.11%). The stock has been gaining over the last two days, with a total return of 1.51% during this period. However, it is trading below its moving averages across various time frames, indicating a potential struggle to maintain upward momentum. Despite positive results in the last six consecutive quarters, including record net sales and operating profit margins, the company has experienced a significant decline in long-term growth, with net sales decreasing at an annual rate of -15.79% over the past five years. Additionally, the stock's valuation appears high relative to its return on equity, and domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future performance.
In the broader market context, Vakrangee's short-term performance has outpaced the benchmark Sensex, which has remained flat with a return of -0.01% over the past week, while Vakrangee has gained 1.75%. However, the stock has consistently underperformed against the benchmark over the longer term, with a staggering decline of -74.43% year-to-date compared to a modest gain of +3.07% for the Sensex. This persistent underperformance, coupled with falling investor participation and a significant drop in delivery volume, raises concerns about the stock's liquidity and future growth prospects, contributing to its overall negative sentiment in the market.