Why is Easy Trip Plann. falling/rising?

As of 24-Jul, Easy Trip Planners Ltd is experiencing a slight decline in its stock price, currently at Rs 10.42, down by 0.01 (-0.1%). The stock has been underperforming, with a consecutive fall over the last five days, resulting in a total return of -2.89% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported negative results for the last three consecutive quarters, with a significant drop in net sales by -7.37%, and a decline in profit before tax and profit after tax by -79.3% and -58.7%, respectively. Additionally, institutional investors have reduced their stake in the company, indicating a lack of confidence among major stakeholders.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a year-to-date return of -34.34% against the Sensex's gain of 5.18%. Over the past year, Easy Trip Planners has generated a return of -51.37%, consistently underperforming against the BSE500. The travel services sector has also seen a decline of -3.14%, contributing to the negative sentiment surrounding the stock. Despite a healthy long-term growth rate in net sales, the recent financial results and falling investor participation suggest a challenging environment for Easy Trip Planners Ltd.