Why is Vakrangee falling/rising?

As of 24-Sep, Vakrangee Ltd's stock price is currently at Rs 8.42, reflecting a decrease of Rs 0.12 or 1.41%. The stock has been on a downward trend, having underperformed its sector by 0.75% today and experiencing a consecutive decline over the last five days, resulting in a total drop of 10.9% during this period. Additionally, the stock is trading below all its moving averages and is close to its 52-week low, being only 2.49% away from Rs 8.21. Despite declaring positive results for the last six consecutive quarters, including significant growth in profit before tax and net sales, the company has shown poor long-term growth with net sales declining at an annual rate of 15.79% over the last five years. Furthermore, the low return on equity of 3.3 and a high price-to-book value ratio of 4.5 indicate an expensive valuation, which may deter investors.
In the broader market context, Vakrangee's performance has been notably weak compared to the benchmark, with a year-to-date return of -75.34% against a positive return of 4.58% for the Sensex. The stock's underperformance is further highlighted by its returns over the past year, where it has generated a return of -65.44%, contrasting sharply with the benchmark's decline of only 3.77%. The lack of domestic mutual fund investment, which stands at 0%, suggests a lack of confidence in the stock's valuation and business prospects, contributing to its declining price. Overall, the combination of poor short-term performance, negative long-term growth indicators, and weak investor participation has led to the stock's current downward trajectory.