Why is AGS Transact falling/rising?

As of 29-Aug, AGS Transact Technologies Ltd is experiencing a decline in its stock price, currently at 5.82, which reflects a decrease of 0.11 or 1.85%. The stock has underperformed its sector today by 1.17% and has been on a downward trend for the last two days, resulting in a total drop of 3.8%. Over the past month, the stock has shown a positive return of 16.17%, but it has significantly underperformed over the year with a staggering decline of 94.38%. The company has not declared results in the last six months, and its financial health is concerning, highlighted by a high Debt to EBITDA ratio of 3.33 times and a negative PAT of Rs -194.26 crore, which has fallen dramatically compared to previous quarters. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 25.76%, indicating a lack of faith in the company's future prospects.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has generated a return of -94.38% over the past year while the Sensex has only declined by 2.83%. This significant underperformance suggests that AGS Transact is facing unique challenges that are not affecting the broader market to the same extent. The stock's liquidity remains adequate for trading, but the falling investor participation, with a delivery volume drop of 77.47% against the five-day average, further reflects the lack of confidence among investors. Overall, the combination of weak financial results, declining promoter confidence, and poor market performance has contributed to the stock's current downward trajectory.