Why is Allcargo Gati falling/rising?

As of 29-Aug, Allcargo Gati Ltd is experiencing a decline in its stock price, currently at 61.12, reflecting a decrease of 0.54 or 0.88%. The stock has been losing value for the last two days, with a total drop of 1.99% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has underperformed significantly over various time frames, with a year-to-date decline of 32.28% and a staggering 64.31% drop over the past three years. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 0.27% and poor debt servicing ability, further contribute to its negative outlook. Recent financial results show a substantial decline in profit before tax and net sales, which have fallen significantly compared to previous quarters, reinforcing the stock's status as a strong sell.
In the broader market context, Allcargo Gati's recent performance contrasts sharply with the benchmark, as it has generated a 1-week return of -3.37% compared to the Sensex's -1.84%. This underperformance is consistent with the stock's trend over the last year, where it has lagged behind the BSE500 index. The lack of investor confidence is evident, with domestic mutual funds holding no stake in the company, suggesting discomfort with its current valuation or business prospects. Overall, the combination of weak financial performance, declining investor participation, and consistent underperformance against market benchmarks has led to the stock's downward trajectory.