Why is Easy Trip Plann. falling/rising?

As of 25-Jul, Easy Trip Planners Ltd is experiencing a decline in its stock price, currently at Rs. 10.34, which reflects a decrease of Rs. 0.08 or 0.77%. The stock has hit a new 52-week low of Rs. 10.28 today and has been on a downward trend, falling for six consecutive days with a total decline of 3.63% during this period. Over the past week, the stock has underperformed with a return of -2.73%, while the Sensex has only decreased by 0.36%. The company has reported negative financial results for the last three consecutive quarters, with a significant drop in net sales by 7.37% and a 58.7% decline in profit after tax compared to previous averages. Additionally, the stock is trading below all its moving averages, indicating a bearish trend.
In the broader market context, Easy Trip Planners Ltd has consistently underperformed against the benchmark, with a staggering -51.10% return over the past year compared to a 1.78% gain in the Sensex. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 1.23% in the last quarter, suggesting a lack of confidence among more sophisticated investors. The travel services sector itself has also faced challenges, with a decline of 3.39%. Overall, the combination of poor financial performance, declining investor interest, and sector-wide issues contributes to the stock's downward trajectory.