Why is Banka Bioloo falling/rising?

As of 10-Jul, Banka Bioloo Ltd is experiencing a decline in its stock price, currently at 70.27, reflecting a decrease of 0.49 or 0.69%. The stock has underperformed its sector today by 0.93%, and while it is trading above its 50-day moving average, it is below the 5-day, 20-day, 100-day, and 200-day moving averages. The stock has shown a negative performance over various periods, with a 1-week return of -3.63% and a year-to-date return of -29.65%. The company has reported operating losses and has declared negative results for the last three consecutive quarters, which has contributed to its weak long-term fundamental strength. Additionally, the high debt-to-EBITDA ratio and low return on equity indicate challenges in profitability, further impacting investor sentiment.
In the broader market context, Banka Bioloo's recent performance contrasts sharply with the Sensex, which has shown a slight decline of only 0.20% over the past week. The stock's significant underperformance compared to the benchmark over the past year, where it has dropped by 46.42% while the Sensex has gained 4.24%, highlights the ongoing struggles of the company. The falling investor participation, evidenced by a 21% drop in delivery volume against the 5-day average, suggests a lack of confidence among investors, reinforcing the stock's downward trajectory.