Why is Dhampur Bio falling/rising?

As of 14-Nov, Dhampur Bio Organics Ltd is experiencing a decline in its stock price, currently at Rs 70.97, which reflects a decrease of Rs 2.43 or 3.31%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 11.29% during this period. Additionally, the stock's performance over the past week shows a decrease of 6.99%, and it has generated a staggering return of -43.94% over the last year. The company is also trading below all its moving averages, indicating a bearish trend. Despite a slight increase in delivery volume, the overall sentiment remains negative due to the company's operating losses and a high debt-to-EBITDA ratio, which suggests weak long-term fundamental strength.
In the broader market context, the stock's performance is notably poor compared to the benchmark, as the Sensex has increased by 1.62% over the past week and 8.22% year-to-date. This consistent underperformance against the benchmark highlights the challenges faced by Dhampur Bio, particularly in light of its significant profit decline of 83.8% over the past year. The company's negative quarterly results, including a PAT of Rs -15.99 crore, further exacerbate investor concerns, leading to a lack of confidence in its ability to recover in the near term. Overall, the combination of weak financial performance, high debt levels, and persistent losses has contributed to the stock's downward trajectory.