Why is Ashika Credit falling/rising?

As of 19-Sep, Ashika Credit Capital Ltd is experiencing a decline in its stock price, currently at 362.00, which reflects a decrease of 0.65 or 0.18%. The stock has been on a downward trend, losing value for the last three days and showing a total decline of 1.6% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 66.62% compared to the 5-day average. Although the company reported impressive growth in operating profit and net sales, the long-term fundamentals are weak, highlighted by a low return on equity and negative EBITDA, which may contribute to the stock's recent struggles.
In the broader market context, Ashika Credit's short-term performance is underwhelming compared to the benchmark Sensex, which has gained 0.88% over the past week while Ashika Credit has declined by 0.30%. This underperformance is further emphasized by its year-to-date decline of 56.44%, contrasting sharply with the Sensex's positive return of 5.74%. The lack of domestic mutual fund investment in the company suggests a lack of confidence among institutional investors, which could be influencing market sentiment negatively. Overall, the combination of weak long-term fundamentals, declining investor interest, and poor short-term performance relative to the benchmark is contributing to the stock's downward movement.