Why is Banka Bioloo falling/rising?

As of 11-Jul, Banka Bioloo Ltd is experiencing a decline in its stock price, currently at 70.15, reflecting a decrease of 0.12 or 0.17%. The stock's performance today is in line with its sector, but it is trading below several moving averages, specifically lower than the 5-day, 20-day, 100-day, and 200-day moving averages, while being higher than the 50-day moving average. The stock has shown a negative return of 2.91% over the past week and a significant decline of 29.77% year-to-date. The company has reported operating losses and has a high Debt to EBITDA ratio of 3.77 times, indicating a weak long-term fundamental strength. Additionally, the company has declared negative results for the last three consecutive quarters, contributing to its poor performance.
In the broader market context, Banka Bioloo's short-term return of -2.91% over the past week contrasts with the Sensex, which has only declined by 1.22% during the same period. This underperformance is further highlighted by the stock's year-to-date return of -29.77%, while the Sensex has gained 6.37%. The company's low profitability, as indicated by a Return on Equity of 3.66% and a negative EBITDA, positions it as a risky investment. Overall, the combination of poor financial results, high debt levels, and underperformance relative to the benchmark suggests a challenging environment for Banka Bioloo Ltd, leading to its current price decline.