Why is EKI Energy falling/rising?

As of 13-Aug, EKI Energy Services Ltd is experiencing a decline in its stock price, currently at Rs 111.70, which reflects a decrease of Rs 2.7 or 2.36%. The stock has underperformed its sector by 3.23% today and has been on a downward trend, losing 3.04% over the last two days. It has also touched an intraday low of Rs 109.8, indicating significant selling pressure. The stock is trading below its moving averages across various time frames, and there has been a notable drop in investor participation, with delivery volume falling by 65.48% compared to the five-day average. The company has reported operating losses and negative returns on capital employed, contributing to its weak long-term fundamental strength. Additionally, the company has declared negative results for the last two consecutive quarters, with a significant decline in net sales and profitability.
In the broader market context, EKI Energy's performance has been considerably worse than the benchmark, with a one-week return of -5.86% compared to a negligible change in the Sensex. Over the past year, the stock has generated a return of -66.14%, while the Sensex has increased by 2.01%. This consistent underperformance against the benchmark over the last three years highlights the company's struggles, as it has failed to recover from its operational challenges and has shown a significant decline in financial metrics. The overall market sentiment appears to be cautious regarding EKI Energy, reflecting the company's ongoing difficulties and the lack of positive catalysts to drive its stock price higher.