Why is Easy Trip Plann. falling/rising?

As of 03-Jul, Easy Trip Planners Ltd's stock price is currently at Rs 10.42, reflecting a slight increase of 0.01 (0.1%). Despite this minor uptick, the stock has been underperforming, with a 1-week return of -1.33% and a 1-month return of -5.10%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the company has reported negative results for the last three consecutive quarters, with a significant drop in net sales of -7.37% and a decline in profit after tax by -58.7%. These factors contribute to a perception of weakness in the company's financial health, despite a low debt-to-equity ratio and a healthy long-term growth rate in net sales.
In the broader market context, Easy Trip Planners Ltd has consistently underperformed against the benchmark, with a year-to-date return of -34.34% compared to the Sensex's gain of +6.53%. The stock's performance over the past year has also been poor, generating a return of -50.25%, while the Sensex has increased by +4.07%. This consistent underperformance, coupled with a falling investor participation evidenced by a 24.79% drop in delivery volume, suggests a lack of confidence among investors. The stock's liquidity remains adequate for trading, but the overall sentiment appears negative, leading to a cautious outlook for Easy Trip Planners Ltd.