Why is Ajooni Biotech falling/rising?

As of 10-Sep, Ajooni Biotech Ltd's stock price is currently at Rs 5.15, reflecting a decrease of Rs 0.07 or 1.34%. The stock has underperformed in today's trading, falling below its sector by 1.72%. It is also trading lower than its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has declined by 0.77%, and it has experienced a significant drop of 50.19% over the past year. Despite declaring positive results for the last four consecutive quarters, including a 67.58% growth in PAT and higher net sales, the stock's weak long-term fundamentals, such as a low return on capital employed and poor debt servicing ability, contribute to its declining price.
In the broader market context, Ajooni Biotech's recent performance contrasts sharply with the Sensex, which has gained 1.04% over the past week and 2.50% over the past month. The stock's year-to-date decline of 33.72% further highlights its underperformance compared to the benchmark's 5.62% gain. This disparity in performance, coupled with falling investor participation and liquidity concerns, suggests that market sentiment is negative towards Ajooni Biotech, reinforcing the stock's downward trajectory.