Why is AGS Transact falling/rising?

As of 21-Jul, AGS Transact Technologies Ltd is experiencing a decline in its stock price, currently at 5.41, reflecting a decrease of 0.11 or 1.99%. The stock has been underperforming, having fallen consecutively for the last eight days, resulting in a total drop of 14.4% during this period. In terms of returns, the stock has shown a significant decline of 93.19% over the past year and 91.78% year-to-date, while it has performed better over the last month with a gain of 17.61%. However, the company's weak long-term fundamentals, including a high Debt to EBITDA ratio of 3.33 times and a negative PAT of Rs -194.26 crore, indicate serious financial distress. Additionally, the promoters have reduced their stake by 6.82%, suggesting a lack of confidence in the company's future prospects.
In the broader market context, the Sensex has remained relatively stable, with a slight decline of only 0.06% over the past week and a modest gain of 5.20% year-to-date. This stark contrast highlights AGS Transact's significant underperformance compared to the benchmark, particularly given its 9.23% decline over the past week. The company's liquidity appears sufficient for trading, but the falling investor participation, evidenced by a 33.4% drop in delivery volume, further underscores the lack of market confidence. Overall, the combination of poor financial results, declining promoter confidence, and underperformance relative to the broader market contributes to the stock's downward trajectory.