Why is Vakrangee falling/rising?

As of 14-Aug, Vakrangee Ltd is currently priced at 8.73, showing no change (0.00%) in its stock price. The stock has been trading lower than its moving averages across various periods, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 72.97% compared to the 5-day average, suggesting a decline in investor participation. Over the past week, the stock has fallen by 2.57%, and it has underperformed against the benchmark Sensex, which has only decreased by 0.03%. Despite declaring positive results for the last six consecutive quarters, the company has experienced a long-term decline in net sales and operating profit, with annual growth rates of -15.79% and -8.94% respectively over the past five years. This poor long-term growth, combined with a high Price to Book Value ratio of 4.7 and a low return on equity of 3.3, contributes to a perception of the stock being overvalued.
In the broader market context, Vakrangee's performance has been notably poor compared to the benchmark, with a year-to-date decline of 74.43% against a 3.15% increase in the Sensex. The stock has consistently underperformed against the benchmark over the last three years, generating a return of -58.45% in the past year while the Sensex has gained 1.89%. The lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in the stock's future prospects. Overall, the combination of declining investor participation, poor long-term growth metrics, and significant underperformance against the benchmark suggests that the stock is facing challenges that are contributing to its current price stagnation.