Why is Atlas Cycles falling/rising?

As of 14-Nov, Atlas Cycles (Haryana) Ltd is experiencing a decline in its stock price, currently at Rs 101.80, which represents a decrease of 3.45 or 3.28%. The stock has underperformed its sector by 3.42% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 5.35%. It has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's financial health is concerning, with operating losses and a weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio of -11.98 and a low Return on Equity of 2.35%. Furthermore, the recent quarterly results showed the lowest PBDIT and EPS, further contributing to the stock's negative sentiment.
In the broader market context, Atlas Cycles has underperformed significantly compared to the Sensex, which has gained 1.62% over the past week while Atlas has lost 7.29%. This stark contrast highlights the challenges faced by Atlas Cycles in attracting investor confidence amidst its financial struggles. Additionally, the falling delivery volume indicates a decrease in investor participation, which could further exacerbate the stock's decline. Overall, the combination of poor financial performance, negative operating profits, and a lack of investor interest has led to the stock's recent downward movement.