Why is Akshar Spintex falling/rising?

As of 23-Oct, Akshar Spintex Ltd's stock price is currently at 0.59, reflecting a decrease of 0.01 or 1.67%. The stock has underperformed its sector today by 2.94%, and while it is trading higher than the 50-day and 100-day moving averages, it is lower than the 5-day, 20-day, and 200-day moving averages. The stock has shown a significant decline in investor participation, with a delivery volume of 31.82k on 21 October, which is down by 97.17% compared to the 5-day average. Over the past week, the stock has decreased by 6.35%, and year-to-date, it has fallen by 21.33%. The company's financial health is concerning, as it has reported operating losses and negative results for the last five consecutive quarters, with net sales declining by 33.33% and a negative EBITDA, indicating weak long-term fundamental strength.
In the broader market context, the Sensex has increased by 1.30% over the past week, contrasting sharply with Akshar Spintex's decline. The stock's performance over the past year shows a staggering drop of 43.81%, while the benchmark has gained 5.59%. This stark difference highlights the company's struggles, particularly in generating profitability, as evidenced by a poor EBIT to interest ratio of -2.02 and a low return on equity of 6.04%. The majority of shareholders being non-institutional may also contribute to the stock's volatility and lack of confidence among investors, further exacerbating its downward trend in a market that is otherwise performing well.