Why is Vakrangee falling/rising?

As of 26-Aug, Vakrangee Ltd's stock price is currently at 8.65, reflecting a decline of 0.26, or 2.92%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -8.17% during this period. Additionally, it has underperformed its sector by 2.42% today. Over the past week, the stock has decreased by 4.63%, and it has shown a significant decline of 74.66% year-to-date. Despite declaring positive results for the last six consecutive quarters, including a notable growth in profit before tax and net sales, the long-term growth outlook remains poor, with net sales decreasing at an annual rate of -15.79% over the last five years. The stock's high price-to-book value and low return on equity further contribute to its negative sentiment among investors.
In the broader market context, Vakrangee's recent performance contrasts sharply with the benchmark, as it has underperformed the Sensex, which has only declined by 1.05% over the past week. The stock's consistent underperformance against the benchmark over the last three years, coupled with a lack of domestic mutual fund investment, suggests a lack of confidence in its valuation and business prospects. The stock's liquidity is adequate for trading, but the falling investor participation, indicated by a significant drop in delivery volume, reflects growing concerns among investors regarding its future performance.