Why is Dhoot Indl.Fin falling/rising?

As of 23-Sep, Dhoot Industrial Finance Ltd is experiencing a decline in its stock price, currently at 259.95, which reflects a decrease of 5.45 or 2.05%. Today's price summary indicates that the stock opened with a gain of 3.24% but subsequently fell to an intraday low of Rs 252.6, suggesting significant volatility. The stock has underperformed its sector by 0.47% today and is trading below all major moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -20.99%, significantly underperforming the benchmark, which has only declined by 3.33%. The company's financial health is concerning, with reported operating losses and a negative return on capital employed (ROCE), which has contributed to its weak long-term fundamental strength.
In the broader market context, while the Sensex has shown a slight decline of 0.34% over the past week, Dhoot Industrial Finance's performance has been notably worse, with a weekly drop of 1.16%. The company has faced negative results for the last three consecutive quarters, with net sales and profit after tax both declining by 73.96%. This poor financial performance, coupled with a weak ability to service debt and a negative EBITDA, positions the stock as risky compared to its historical valuations. The overall market sentiment appears to be cautious, particularly for stocks like Dhoot Industrial Finance, which have shown significant losses and underperformance relative to broader market indices.