Why is Arunjyoti Bio falling/rising?

As of 08-Jul, Arunjyoti Bio Ventures Ltd is experiencing a decline in its stock price, currently at 6.02, which reflects a decrease of 0.12 or 1.95%. The stock has been underperforming significantly, with a consecutive fall over the last seven days resulting in a total decline of 12.75%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the company's promoter holding has decreased to 47.64%, which may signal a lack of confidence among major stakeholders. The financial performance has also been weak, with a negative profit after tax and declining net sales, contributing to a poor return on equity of 6.58%.
In the broader market context, the stock has underperformed compared to the benchmark, with a one-week return of -9.34% against a slight increase of 0.02% for the Sensex. Over the past year, while the market has generated returns of 1.98%, Arunjyoti Bio has seen a significant decline of 18.65%. This stark contrast highlights the stock's struggles in attracting investor interest, despite a recent increase in delivery volume, which suggests some liquidity. Overall, the combination of weak fundamentals, declining promoter confidence, and poor relative performance against the market are key factors contributing to the stock's downward trajectory.