Why is Aksh Optifibre falling/rising?

As of 16-Sep, Aksh Optifibre Ltd is experiencing a decline in its stock price, currently at 7.95, reflecting a decrease of 0.05 or 0.62%. The stock has underperformed its sector by 1.69% today, and while it is above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has gained 0.51%, but it has seen a significant decline of 30.63% year-to-date. The company has reported negative results for the last ten consecutive quarters, with a high debt-to-equity ratio of 6.83 times and a negative EBITDA, indicating weak long-term fundamental strength. Additionally, the promoters have reduced their stake by 0.54%, which may signal a lack of confidence in the company's future.
In the broader market context, the Sensex has increased by 1.58% over the past week, contrasting with Aksh Optifibre's modest gain. The stock's year-to-date performance is notably poor, with a decline of 30.63% compared to the Sensex's increase of 5.43%. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation—evidenced by a 47.78% decrease in delivery volume—highlights the challenges the company faces in regaining investor confidence and improving its market position.