Why is Ashima falling/rising?

As of 22-Sep, Ashima Ltd's stock price is currently at 23.62, reflecting a decline of 0.84, or 3.43%. The stock has underperformed significantly, with a performance today that is 2.72% lower than its sector. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.34%, and it has seen a substantial drop of 9.57% over the last month. The company has reported negative results for the last three consecutive quarters, with net sales declining by 93.80% and a negative EBITDA, which raises concerns about its long-term viability. Additionally, the company has a weak ability to service its debt, with a poor EBIT to Interest ratio of -0.04, and a low return on equity of 4.19%, suggesting low profitability.
In the broader market context, while Ashima Ltd has experienced a decline of 27.32% year-to-date, the benchmark Sensex has risen by 5.15% during the same period, highlighting the stock's underperformance relative to the market. The stock's negative trajectory is further emphasized by its long-term returns, which show a decrease of 30.59% over the past year, contrasting sharply with the benchmark's slight decline of 2.82%. Despite a rise in investor participation, as indicated by a 78.26% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and poor financial performance.