Why is Chandni Machines falling/rising?

As of 02-Sep, Chandni Machines Ltd is experiencing a decline in its stock price, currently at Rs 34.07, reflecting a decrease of 0.93 or 2.66%. The stock has been underperforming significantly, with a consecutive fall over the last six days resulting in a total drop of 9.15%. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 2.08% away from Rs 33.36. The company has reported operating losses and has a weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.75. The recent quarterly results showed a substantial decline in net sales, falling by 48.5% compared to the previous four-quarter average, further contributing to negative sentiment around the stock.
In the broader market context, Chandni Machines has underperformed the benchmark, with a one-week return of -6.66% compared to the Sensex's -0.78%. Over the past year, the stock has generated a return of -56.40%, while the Sensex has only declined by 2.91%. This stark contrast highlights the stock's struggles relative to the market. Despite a rise in investor participation, with delivery volume increasing significantly, the overall outlook remains negative due to the company's weak financial performance and inability to service its debt effectively. The combination of these factors suggests that the stock is facing considerable challenges, leading to its current downward trajectory.