Why is Ashima falling/rising?

As of 09-Jul, Ashima Ltd's stock price is currently at Rs 28.32, reflecting a decline of Rs 1.03 or 3.51%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decrease of 4.65% during this period. Today's trading saw the stock touch an intraday low of Rs 28.21, with a weighted average price indicating more volume was traded closer to this low. The stock has significantly underperformed the sector by 3.5% today and has shown negative returns over various periods, including a 1-month decline of 8.17% and a year-to-date drop of 12.86%. The company's weak long-term fundamentals, highlighted by operating losses and a poor EBIT to Interest ratio of 0.11, further exacerbate its current struggles. Additionally, the stock's return on equity is low at 4.19%, and it has seen a staggering 90.64% decline in net sales over the last nine months.
In the broader market context, while the Sensex has shown a slight increase of 0.15% over the past week, Ashima Ltd has experienced a decline of 3.34% in the same timeframe, indicating a significant underperformance relative to the benchmark. The stock's performance over the past year has also been disappointing, with a return of -37.91% compared to the market's positive return of 1.43%. This stark contrast suggests that investor confidence in Ashima Ltd is waning, as evidenced by the minimal stake held by domestic mutual funds, which may reflect their lack of comfort with the company's current valuation and business outlook.