Why is Anirit Ventures falling/rising?

As of 26-Jun, Anirit Ventures Ltd is experiencing a decline in its stock price, currently at Rs 95.08, which represents a decrease of 1.94 (-2.0%). The stock has been underperforming significantly, having fallen consecutively for the last eight days, resulting in a total decline of 13.56% during this period. Additionally, it opened with a loss of 2% today and is trading below all its moving averages. The stock's performance over the past week and month shows a decline of 8.17% and 9.27%, respectively, while its year-to-date performance is down by 39.09%. Despite a remarkable return of 350.40% over the past year, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its current downward trend.
In the broader market context, Anirit Ventures' recent performance contrasts sharply with the benchmark Sensex, which has gained 2.94% over the past week and 1.92% over the past month. This underperformance is further highlighted by the stock's significant drop in investor participation, with a 7.58% decrease in delivery volume compared to the five-day average. The company's weak financial fundamentals, including a negative EBITDA and declining profits, suggest that the stock is trading at a risky valuation compared to its historical performance. Overall, these factors indicate a challenging environment for Anirit Ventures, leading to its current price decline.