Why is Ankit Met.Power falling/rising?

As of 01-Jul, Ankit Metal & Power Ltd's stock price is currently at 2.09, reflecting an increase of 0.06 or 2.96%. Despite this uptick, the stock has shown a significant decline over the past month, with a return of -11.44%, and a staggering -55.63% year-to-date. Today's performance indicates that the stock has outperformed its sector by 2.71%, although it is trading below its longer-term moving averages. Additionally, investor participation has decreased, with delivery volume falling by nearly 50% against the 5-day average. The company has not declared results in the last six months, and its financial performance has been poor, with negative results reported for the last three consecutive quarters, contributing to a perception of high risk and weak long-term fundamentals.
In the broader market context, the stock's short-term performance of +0.48% over the past week is underwhelming compared to the Sensex, which has gained +2.00% in the same period. This consistent underperformance against the benchmark over the last three years, coupled with a significant decline in profits and high debt levels, suggests that investors remain cautious. The stock's long-term growth prospects appear bleak, as evidenced by a -310.3% decline in profits over the past year, further exacerbating concerns about its viability in the market.