Why is Ajcon Global falling/rising?

As of 25-Jun, Ajcon Global Services Ltd is experiencing a decline in its stock price, currently at 11.03, which reflects a decrease of 0.58 or 5.0%. The stock has underperformed its sector by 5.61% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 14.23% during this period. Despite a strong long-term performance with a 234.85% return over the past year, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a net sales decline of -7.29% annually. The recent flat results for March 2025, including a negative PAT and the lowest operating profit to net sales ratio, have further contributed to investor concerns. Additionally, the stock is trading at a premium compared to its peers, with a high price-to-book value of 2.8, despite a substantial drop in profits over the past year.
In the broader market context, Ajcon Global's short-term performance has been notably poor, with a 14.30% decline over the past week, contrasting sharply with the Sensex, which has gained 1.61% during the same period. This underperformance highlights the stock's struggles relative to the overall market, as it has not only fallen in the short term but also faced a significant drop in investor participation, with delivery volume decreasing by 75.73% against the five-day average. While the company has shown strong returns over longer periods, the current negative sentiment and operational challenges are overshadowing its past successes, leading to a decline in stock price.