Why is Ankit Met.Power falling/rising?

As of 26-Aug, Ankit Metal & Power Ltd is experiencing a decline in its stock price, currently at Rs 1.84, which reflects a decrease of Rs 0.09 or 4.66%. The stock has underperformed its sector by 2.89% today and has been on a downward trend, losing 6.6% over the past three days. Additionally, it is trading lower than its moving averages across various time frames, indicating a bearish sentiment. The company has not declared results in the last six months, and its financial performance has been poor, with a significant net profit decline of 231.8% over the past nine months. The high debt levels and negative results for the last three consecutive quarters further contribute to the stock's weak long-term fundamentals.
In the broader market context, the stock's performance over the past week shows a decline of 3.16%, while the benchmark Sensex has only decreased by 1.05%. This indicates that Ankit Metal & Power Ltd is lagging behind the market. Over the past year, the stock has generated a return of -56.29%, contrasting sharply with the Sensex's gain of 3.39% year-to-date. The company's poor long-term growth prospects, coupled with a significant increase in raw material costs and a lack of recent financial disclosures, suggest that investor confidence is waning, leading to the stock's continued decline.