Why is Bharat Agri Fert falling/rising?

As of 23-Sep, Bharat Agri Fert & Realty Ltd is currently priced at 32.45, reflecting a slight increase of 0.09 or 0.28%. Despite this minor uptick, the stock has shown a significant decline over the past month, down 11.51%, and a staggering 54.87% year-to-date. The stock is trading close to its 52-week low, just 1.05% above the low of Rs 32.11. Additionally, it is underperforming against its moving averages across various time frames, indicating a bearish trend. The company has also experienced a notable drop in investor participation, with delivery volume falling by 48.23% against the five-day average. The weak long-term fundamentals, characterized by a return on capital employed of 0% and a high debt-to-EBITDA ratio, further contribute to the stock's negative outlook.
In the broader market context, Bharat Agri Fert's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.98% over the past month. The stock's year-long return of -63.18% starkly contrasts with the Sensex's decline of only 3.33% during the same period, highlighting its underperformance. This disparity suggests that investor sentiment towards Bharat Agri Fert remains weak, compounded by its negative operating profits and poor growth metrics. Overall, the stock's combination of weak fundamentals, declining investor interest, and significant underperformance relative to the market reinforces its status as a risky investment.