Why is Arunjyoti Bio falling/rising?

As of 03-Jul, Arunjyoti Bio Ventures Ltd is experiencing a decline in its stock price, currently at 6.38, reflecting a decrease of 0.13 or 2.0%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 7.54% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The promoter holding has decreased to 47.64%, and the company has reported weak financials, including a negative profit after tax and the lowest net sales in recent quarters. These factors contribute to a lack of investor confidence, as evidenced by a significant drop in delivery volume, which has fallen by 87.9% against the 5-day average.
In the broader market context, the stock has significantly underperformed compared to the benchmark Sensex, which has shown a slight decline of only 0.62% over the past week, while Arunjyoti Bio has dropped by 6.31%. Over the past year, the stock has generated a return of -20.23%, contrasting sharply with the BSE500's positive return of 2.20%. This stark difference highlights the stock's ongoing struggles in a market that has seen overall gains, further emphasizing its weak long-term fundamentals and expensive valuation relative to peers.