Why is Adarsh Plant falling/rising?

As of 19-Jun, Adarsh Plant Protect Ltd's stock is currently priced at Rs 24.90, reflecting a decline of Rs 1.83 or 6.85%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 11.98% during this period. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown poor performance over various time frames, with a year-to-date decline of 28.35% compared to a 4.12% increase in the benchmark Sensex. The company's financial health is concerning, as it has reported operating losses and a significant debt-to-equity ratio of 4.89, which contributes to its weak long-term fundamental strength.
In the broader market context, the stock's short-term performance has significantly lagged behind the benchmark, with a 1-week decline of 4.12% compared to a mere 0.40% drop in the Sensex. This underperformance is compounded by a drastic reduction in investor participation, with delivery volume plummeting by 94.21% against the 5-day average. The company's negative financial results, including a 24.29% decline in net sales and a negative EBITDA, further exacerbate the situation, making the stock appear risky compared to its historical valuations. Overall, these factors contribute to a bearish outlook for Adarsh Plant Protect Ltd.