Why is Ankit Met.Power falling/rising?

As of 29-Aug, Ankit Metal & Power Ltd is currently priced at 1.89, reflecting a decrease of 0.01 or 0.53%. The stock has shown a poor performance recently, with a 1-week decline of 2.58% and a 1-month decline of 4.55%. Today's price summary indicates that the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 78.4% compared to the 5-day average. The company has not declared results in the last six months, and its financial performance has been troubling, with a net profit decline of 231.8% over the last nine months and a high debt-to-equity ratio, indicating weak long-term fundamentals.
In the broader market context, the stock has underperformed compared to the Sensex, which has seen a decline of only 1.84% over the past week. While Ankit Metal & Power has outperformed its sector by 0.36% today, its long-term performance remains concerning, with a staggering 59.87% decline year-to-date and a 68.60% drop over the last three years. The company's negative results over the past three quarters and the significant increase in raw material costs further exacerbate its risk profile, making it a weak investment choice in the current market environment.