Why is Bilcare falling/rising?

As of 23-Jun, Bilcare Ltd's stock price is currently at Rs 73.74, reflecting a decline of Rs 2.26 or 2.97%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.81% during this period. Additionally, the stock's performance over the past week and month shows a decrease of 3.67% and 3.28%, respectively, while it has outperformed the market over the year with a return of 25.49%. However, the company faces significant challenges, including high debt levels with a debt-to-equity ratio of 3.97 times, negative operating profits, and a decline in net sales over the past five years. These factors contribute to a perception of weak long-term fundamental strength, which may be influencing the stock's recent downward movement.
In the broader market context, Bilcare's short-term performance has lagged behind the benchmark Sensex, which has seen a slight increase of 0.12% over the past week. While Bilcare has generated a notable return of 12.46% year-to-date, the recent trends indicate a lack of investor confidence, as evidenced by a significant drop in delivery volume by 56.62% against the five-day average. This decline in investor participation, coupled with the company's financial struggles and the overall market's modest gains, suggests that the stock is facing headwinds that are contributing to its current price decline.