Why is Ace Integrated falling/rising?

As of 30-Jul, Ace Integrated Solutions Ltd is experiencing a decline in its stock price, currently at 24.68, reflecting a decrease of 0.24 or 0.96%. The stock has underperformed its sector today by 2.39%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 6.16%, and it has shown a significant decline of 20.36% year-to-date. The company is facing operational challenges, highlighted by an operating loss and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -1.30. Furthermore, the company reported negative earnings, with a PAT of -1.38 crore, marking a drastic fall of 286.5%, and a decline in net sales by 20.34%.
In the broader market context, while the BSE500 index has experienced a slight decline of 2.34% over the past year, Ace Integrated Solutions Ltd has significantly underperformed, with a return of -33.24%. This stark contrast indicates that the stock's challenges are more pronounced than the overall market trends. Additionally, the stock's liquidity is deemed sufficient for trading, but the recent drop in delivery volume by 43.05% against the 5-day average suggests a lack of investor confidence. Overall, the combination of weak financial performance, operational losses, and declining investor participation contributes to the stock's downward trajectory.