Why is XT Global Infot. falling/rising?

As of 15-Sep, XT Global Infotech Ltd is experiencing a decline in its stock price, currently at Rs 37.06, which reflects a decrease of -1.98 or -5.07%. The stock has underperformed its sector today by -4.6% and has been on a downward trend for the last two days, accumulating a total loss of -6.6%. It opened significantly lower, with a loss of -3.92%, and reached an intraday low of Rs 36.95. Over the past week, the stock has seen a substantial decline of -11.76%, while its one-year performance shows a decrease of -22.81%. Despite some positive financial indicators, such as a 41.5% growth in profit before tax and a strong cash position, the stock's overall performance has been hampered by weak long-term fundamentals and a lack of investor confidence, as evidenced by a significant drop in delivery volume.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained +1.24% over the past week. This consistent underperformance against the benchmark over the last three years, coupled with a low stake from domestic mutual funds, suggests a lack of confidence in the company's future growth potential. The stock's average return on capital employed (ROCE) of 8.86% indicates weak long-term fundamental strength, further contributing to its decline. Overall, the combination of negative sentiment, poor historical performance, and declining investor participation has led to the current downward trend in XT Global Infotech Ltd's stock price.