Why is Delta Manufact. falling/rising?

As of 13-Jun, Delta Manufacturing Ltd's stock price is currently at 98.04, reflecting a decline of 4.41, or 4.3%. The stock has been underperforming, having lost 11.21% over the last four days, and opened with a 5% loss today, reaching an intraday low of Rs 97.33. The stock's performance over the past week shows a decline of 6.95%, while it has increased by 60.72% over the past month. However, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a negative annual growth rate in net sales of -7.24% over the last five years. The high debt-to-EBITDA ratio and negative EBITDA further contribute to the stock's riskiness, leading to consistent underperformance against the benchmark over the past three years.
In the broader market context, Delta Manufacturing's recent performance contrasts sharply with the Sensex, which has only declined by 1.30% over the past week. This indicates that the stock is not only struggling in absolute terms but is also lagging behind the market. The company's liquidity appears sufficient for trading, yet the significant drop in delivery volume suggests a lack of investor confidence. Overall, the combination of poor financial metrics, negative earnings growth, and a high debt burden has led to a bearish sentiment surrounding the stock, resulting in its recent price decline.