Why is Aksh Optifibre falling/rising?

As of 23-Sep, Aksh Optifibre Ltd's stock price is currently at 7.75, reflecting a decrease of 0.07, or 0.9%. The stock has been underperforming, having lost 3.49% over the last two days and is trading below its moving averages across various time frames. Over the past week, the stock has declined by 2.52%, while it has seen a significant drop of 32.37% year-to-date. The company's financial health is concerning, with a high debt-to-equity ratio of 6.83 times and negative results reported for the last ten consecutive quarters. Additionally, the promoters have reduced their stake in the company, indicating a lack of confidence in its future prospects.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has consistently underperformed against the Sensex over the last three years. While the Sensex has shown a slight decline of 0.34% over the past week, Aksh Optifibre's performance has been significantly worse. The company's weak fundamentals, including low profitability and a negative EBITDA, further exacerbate its struggles, leading to a lack of investor confidence and a downward trend in its stock price.