Why is Ajooni Biotech falling/rising?

As of 11-Sep, Ajooni Biotech Ltd's stock price is currently at Rs 5.16, reflecting a slight increase of 0.01 (0.19%). Despite this minor uptick, the stock has shown a negative performance trend, with a decline of 1.53% over the past week and a staggering 50.10% drop over the last year. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 69.19% compared to the 5-day average. The company has reported positive results for the last four consecutive quarters, with a significant growth in net sales and profits, suggesting some underlying strength. Nevertheless, the stock's long-term fundamentals remain weak, with poor returns on capital and a concerning ability to service debt.
In the broader market context, Ajooni Biotech's recent performance has underperformed compared to the Sensex, which has gained 1.10% over the past week. This underperformance is further highlighted by the stock's year-to-date decline of 33.59%, contrasting sharply with the Sensex's positive return of 5.75%. The stock's significant drop over the past year and its inability to keep pace with the benchmark indices indicate a challenging environment for Ajooni Biotech, despite some positive quarterly results. The combination of weak long-term growth prospects and recent underperformance against the market suggests that investors remain cautious about the stock's future trajectory.