Why is BIL Vyapar falling/rising?

As of 29-Jul, BIL Vyapar Ltd's stock price is currently at 12.39, reflecting a decline of 0.25, or 1.98%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 5.78% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company is facing significant challenges, including a negative book value and poor long-term growth, with net sales decreasing at an annual rate of 39.70%. The recent reduction in promoter stake by 1.34% also indicates a lack of confidence in the company's future, contributing to the stock's downward trend.
In the broader market context, BIL Vyapar's short-term performance has been notably worse than the benchmark, with a 7.47% decline over the past week compared to a 1.03% drop in the Sensex. While the stock has shown some recovery over the past month with a 10.13% increase, its year-to-date performance remains poor at -17.40%, contrasting sharply with the Sensex's positive return of 4.09%. This underperformance is compounded by a high debt-to-equity ratio and negative EBITDA, which further heightens the risk associated with the stock. Overall, the combination of weak fundamentals and declining investor confidence is driving the stock's recent price decline.