Why is Aditya Ispat falling/rising?

As of 27-Jun, Aditya Ispat Ltd. is experiencing a decline in its stock price, currently at 9.05, reflecting a decrease of 0.45 or 4.74%. The stock has underperformed its sector by 4.56% today and has been on a downward trend for the last two days, accumulating a total loss of 8.59% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company is facing significant challenges, including operating losses and a high debt-to-equity ratio of 3.32 times, which contributes to its weak long-term fundamental strength. Furthermore, the stock has consistently underperformed against benchmarks, with a one-year return of -11.96% compared to the BSE 500.
In the broader market context, the stock's performance over the past week shows a decline of 9.32%, while the Sensex has increased by 2.00%, highlighting a stark contrast between the company's performance and the overall market trend. The company's recent financial results have also been disappointing, with a net sales figure of Rs 8.17 crore being the lowest recorded, and a negative EBITDA further exacerbating the situation. Despite a rise in investor participation, as indicated by a significant increase in delivery volume, the overall outlook remains negative due to the company's poor profitability and consistent underperformance over the last three years.