Why is Daikaffil Chem falling/rising?

As of 18-Nov, Daikaffil Chemicals India Ltd is experiencing a decline in its stock price, currently at Rs. 83.50, which reflects a decrease of Rs. 1.55 or 1.82%. The stock has been underperforming significantly, having hit a new 52-week low of Rs. 80.8 today. Over the past week, it has fallen by 20.74%, and in the last month, the decline is even steeper at 27.39%. The company has reported consecutive losses for the past seven days, with a total drop of 28.6% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company's financial health is concerning, with operating losses and a negative EBITDA, which contributes to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight increase of 0.96% over the past week, Daikaffil Chemicals has significantly underperformed, highlighting a stark contrast in performance. The stock's year-to-date return is a staggering -66.60%, compared to the Sensex's gain of 8.36%. This underperformance is further emphasized by the company's poor financial results, including a substantial drop in profit after tax and operating profit, which have fallen at an alarming rate. The market sentiment surrounding the stock remains negative due to its inability to generate positive returns and service its debt effectively, making it a risky investment compared to its historical valuations.