Why is Eco Recyc. falling/rising?

As of 26-Sep, Eco Recycling Ltd's stock price is currently at Rs 591.00, reflecting a decrease of Rs 11.05 or 1.84%. The stock has underperformed its sector by 0.29% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 588, indicating a decline of 2.33%. Over the past week, the stock has decreased by 1.26%, and its year-to-date performance shows a significant drop of 39.13%. Despite a healthy long-term growth in net sales and operating profit, the company reported negative results in June, with a notable decline in profit before tax and net sales, contributing to its current valuation concerns.
Broader market context indicates that while the Sensex has fallen by 2.66% over the past week, Eco Recycling Ltd's decline is less severe, suggesting some resilience relative to the broader market. However, the stock has significantly underperformed over the last year, with a return of -36.24% compared to the market's -6.30%. The lack of domestic mutual fund investment, which holds only 0% of the company, may reflect a lack of confidence in the stock's current valuation, further exacerbating its price decline. Overall, the combination of disappointing financial results, high valuation metrics, and underperformance relative to the market has contributed to the stock's recent downward movement.