Why is Vakrangee falling/rising?

As of 01-Sep, Vakrangee Ltd's stock price is currently at Rs 8.40, reflecting a slight increase of 0.01 (0.12%). The stock has been gaining over the last two days, with a total return of 0.48% during this period. However, it remains significantly lower than its moving averages across various time frames, indicating a general downtrend. The stock is also close to its 52-week low, being just 2.26% 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 company has experienced poor long-term growth, with net sales declining at an annual rate of -15.79% over the past five years. This, coupled with a high PEG ratio of 4.3 and minimal domestic mutual fund investment, suggests a lack of confidence in the stock's future performance. In the broader market context, Vakrangee's performance has been underwhelming compared to the benchmark, with a one-week return of -5.72% against the Sensex's -1.56% and a year-to-date decline of -75.40% compared to the Sensex's gain of +2.85%. This consistent underperformance over the last three years, along with a significant drop in investor participation, as evidenced by a 43% decrease in delivery volume, further exacerbates the stock's challenges. The overall sentiment appears to be cautious, as the stock has not only failed to attract domestic mutual funds but has also underperformed against the broader market indices, indicating a lack of investor confidence in its recovery.