Why is Ajooni Biotech falling/rising?

As of 02-Sep, Ajooni Biotech Ltd's stock price is currently at Rs 5.25, reflecting a decrease of Rs 0.06 or 1.13%. The stock is close to its 52-week low, being only 4.57% away from Rs 5.01. In terms of performance, it has underperformed its sector by 1.06% today and has shown a decline of 3.85% over the past month. Despite positive results in the last four consecutive quarters, including a 67.58% growth in PAT and higher net sales, the stock has generated a significant return of -44.09% over the past year. Additionally, the stock's liquidity is adequate for trading, but there has been a notable decrease in investor participation, with delivery volume falling by 65.69% compared to the five-day average.
In the broader market context, Ajooni Biotech's short-term return of +0.19% over the past week contrasts with the Sensex, which has declined by 0.54%. This indicates that while the stock has shown some resilience in the short term, its long-term performance remains weak, with a -44.09% return over the past year compared to a +3.95% return for the benchmark. The company's weak long-term fundamental strength, characterized by a low Return on Capital Employed (ROCE) and poor debt servicing ability, further contributes to the stock's decline. Overall, the combination of underperformance relative to the market and declining investor interest suggests a challenging outlook for Ajooni Biotech.