Why is Ashima falling/rising?

As of 15-Sep, Ashima Ltd's stock price is currently at 23.70, reflecting a slight increase of 0.1 or 0.42%. Despite this minor uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a general downward trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 28.75% compared to the 5-day average. The company has also reported weak long-term fundamentals, including a significant decline in net sales and negative results for the last three consecutive quarters, which has contributed to a poor performance over the past year, with a return of -29.02%.
In the broader market context, Ashima's short-term return of +0.68% over the past week is underperforming compared to the Sensex, which has gained 1.24% in the same period. This underperformance is further highlighted by the stock's year-to-date decline of -27.08%, contrasting sharply with the Sensex's positive return of 4.67%. The company's weak financial metrics, including a negative EBITDA and a low return on equity, suggest that it is struggling to attract investor confidence, further exacerbating its challenges in the market.