Why is Delta Manufact. falling/rising?

As of 20-Jun, Delta Manufacturing Ltd's stock price is currently at Rs 91.20, reflecting a decline of Rs 4.75 or 4.95%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 8.33% during this period. It opened the day with a loss of 4.95% and reached an intraday low of Rs 91.20. The stock's performance over the past week shows a decline of 6.98%, while its year-to-date performance is down 16.21%. The company's weak long-term fundamentals, characterized by operating losses and a negative EBITDA, contribute to its recent price movement. Additionally, the stock has consistently underperformed against the benchmark, with a 7.51% decline over the past year, indicating a lack of investor confidence.
In the broader market context, Delta Manufacturing's performance contrasts sharply with the Sensex, which has gained 1.59% over the past week and 5.46% year-to-date. This significant underperformance highlights the challenges faced by the company, including a high debt-to-EBITDA ratio and declining net sales. Furthermore, the falling investor participation, evidenced by a 60.46% drop in delivery volume, suggests a lack of interest in the stock, further exacerbating its price decline. Overall, the combination of poor financial health, negative growth trends, and weak market sentiment has led to the stock's current downward trajectory.