Why is Vakrangee falling/rising?

As of 28-Aug, Vakrangee Ltd's stock price is currently at Rs 8.36, reflecting a decline of -0.29 or -3.35%. The stock has been underperforming significantly, with a consecutive fall over the last five days resulting in a total decline of -11.25%. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock is close to its 52-week low, just 1.79% away from Rs 8.21. 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 declining at an annual rate of -15.79% over the last five years.
In the broader market context, Vakrangee's performance has been notably weaker than the benchmark, with a -7.62% return over the past week compared to the Sensex's -2.34%. The stock has consistently underperformed against the benchmark over the last three years, generating a return of -60.55% in the past year while the Sensex has risen by 2.48% year-to-date. Additionally, the lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and future prospects. This combination of poor short-term performance, negative long-term growth indicators, and weak investor participation contributes to the stock's downward movement.