Why is AGS Transact falling/rising?

As of 19-Sep, AGS Transact Technologies Ltd is experiencing a decline in its stock price, currently at 4.37, reflecting a decrease of 0.08 or 1.8%. The stock has been underperforming significantly, having fallen consecutively for the last 17 days with a total decline of 27.77% during this period. Over the past week, the stock has decreased by 9.15%, and it has shown a staggering year-to-date decline of 93.36%. Key negative factors contributing to this downward trend include weak long-term fundamentals, as the company has not declared results in the last six months, coupled with a high Debt to EBITDA ratio of 3.33 times. Additionally, the company reported a drastic fall in net sales of 40.4% and a negative profit after tax of Rs -194.26 crore, indicating severe operational challenges. The reduction in promoter stake by 25.76% further signals a lack of confidence in the company's future.
In the broader market context, while AGS Transact has been declining, the benchmark Sensex has shown a positive return of 0.88% over the past week. This stark contrast highlights the stock's underperformance relative to the market, as it has not only lagged behind the benchmark in the short term but also over the past year, where it has generated a return of -95.86% compared to a slight decline of 0.67% for the Sensex. The stock's liquidity remains adequate for trading, but the significant drop in delivery volume by 72.76% against the five-day average suggests waning investor interest, further exacerbating its price decline.