Why is AGS Transact falling/rising?

As of 15-Oct, AGS Transact Technologies Ltd is experiencing a decline in its stock price, currently at 4.17, which reflects a decrease of 0.21 or 4.79%. The stock has underperformed its sector by 5.21% today and has been on a downward trend for the last three days, accumulating a total decline of 14.02%. Over the past week, the stock has fallen by 8.75%, and it has shown a significant year-to-date decline of 93.66%. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the company reported a drastic fall in net sales by 40.4% and a staggering PAT decline of 8555.3%, indicating severe financial distress. The promoters have also reduced their stake by 25.76%, suggesting a lack of confidence in the company's future.
In the broader market context, the Sensex has shown a positive return of 1.02% over the past week, contrasting sharply with AGS Transact's performance. This stark difference highlights the stock's struggle, as it has consistently underperformed the benchmark indices over various periods, including a 95.71% decline in the last year compared to the Sensex's modest gain of 0.96%. The liquidity of the stock remains adequate for trading, but the falling investor participation, with a 19.75% drop in delivery volume, further underscores the lack of confidence among investors. Overall, the combination of poor financial results, declining promoter confidence, and significant underperformance relative to the market contributes to the stock's downward trajectory.