Why is Ashika Credit falling/rising?

As of 01-Jul, Ashika Credit Capital Ltd is experiencing a decline in its stock price, currently at Rs 382.20, which reflects a decrease of Rs 7.8 or 2.0%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.72% during this period. It is trading below all its moving averages, indicating a bearish trend. Despite a remarkable return of 364.79% over the past year, the company faces significant challenges, including operating losses and a negative EBITDA, which have contributed to a weak long-term fundamental strength. Recent financial results have shown drastic declines in profit before tax and profit after tax, further exacerbating investor concerns.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a 1-week return of -1.49% against the Sensex's gain of +2.00%. Over the past month, Ashika Credit has decreased by 6.09%, while the Sensex has increased by 2.76%. This stark contrast highlights the stock's struggles in the current market environment, where it is not only underperforming its sector but also facing liquidity challenges despite a slight increase in delivery volume. The combination of weak financial results and poor short-term performance relative to the market has led to a negative sentiment surrounding the stock.