Why is Aksh Optifibre falling/rising?

As of 18-Sep, Aksh Optifibre Ltd is experiencing a slight decline in its stock price, currently at 8.02, down by 0.01 or 0.12%. The stock has underperformed its sector today by 1.02%, and while it is higher than 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 shown a modest increase of 2.69%, but it has struggled in the longer term, with a year-to-date decline of 30.02%. The company's financial health is concerning, as it 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 in the company by 0.54%, which may reflect a lack of confidence in its future prospects.
Broader market context shows that while Aksh Optifibre has gained 2.69% over the past week, the benchmark Sensex has increased by 1.80% in the same period, indicating that the stock is performing better than the broader market recently. However, the company's long-term performance is troubling, with a 3-year return of -35.53% compared to the Sensex's gain of 41.08%. This consistent underperformance against the benchmark, coupled with declining investor participation and liquidity concerns, suggests that the stock's recent price movement is influenced by a combination of weak financial fundamentals and diminishing confidence from both investors and promoters.