Why is Edvenswa Enter falling/rising?

As of 18-Nov, Edvenswa Enterprises Ltd is experiencing a decline in its stock price, currently at Rs 37.83, which represents a decrease of Rs 2.12 or 5.31%. The stock has hit a new 52-week low of Rs 36.26 today and has underperformed its sector by 3.77%. It has been on a downward trend, losing 6.87% over the past two days, and opened with a loss of 2.23% today. The stock has also been trading below its moving averages across multiple time frames, indicating a bearish trend. Despite a healthy long-term growth in net sales and a low debt-to-equity ratio, the company reported a flat performance in its latest quarterly results, with a significant drop in profit after tax and low return on capital employed, contributing to negative sentiment around the stock.
In the broader market context, Edvenswa Enterprises Ltd has underperformed significantly compared to the Sensex, with a one-week return of -8.31% against the benchmark's gain of 0.96%. Over the past year, the stock has generated a return of -37.11%, while the Sensex has increased by 9.48%. This stark contrast highlights the stock's struggles in both short-term and long-term performance, further exacerbated by its recent financial results and overall market volatility. The rising investor participation, indicated by a substantial increase in delivery volume, suggests some interest, but the prevailing negative factors overshadow this potential support.