Why is Arunjyoti Bio falling/rising?

As of 07-Jul, Arunjyoti Bio Ventures Ltd is experiencing a decline in its stock price, currently at 6.14, which reflects a decrease of 0.12 or 1.92%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total decline of 11.01% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's promoter holding has decreased to 47.64%, indicating potential concerns about confidence in the company's future. Financially, the company has reported negative results, including a PAT of -3.11 crore and a significant drop in net sales, which has contributed to a weak long-term fundamental strength, reflected in an average Return on Equity (ROE) of 6.58%.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -20.26% while the BSE500 has generated a return of 1.74%. Over the past month, Arunjyoti Bio has seen a decline of 17.47%, contrasting sharply with the Sensex's increase of 1.53%. This stark difference highlights the stock's ongoing struggles in a market that has generally been more favorable. The falling investor participation, with a delivery volume decrease of 55.65% against the 5-day average, further underscores the lack of confidence among investors, contributing to the stock's downward trajectory.