Why is EKI Energy falling/rising?

As of 15-Sep, EKI Energy Services Ltd is experiencing a decline in its stock price, currently at Rs 112.50, reflecting a decrease of Rs 1.6 or 1.4%. The stock has underperformed its sector today by 2.33%, touching an intraday low of Rs 111.5. In terms of returns, the stock has shown a negative performance of 2.39% over the past week, while it has gained 3.54% over the past month. However, the year-to-date return is significantly negative at -56.41%, indicating ongoing struggles. The company has reported operating losses and a weak ability to service its debt, with a poor EBIT to Interest ratio of -20.65. Additionally, the company has declared negative results for the last two consecutive quarters, with a notable drop in net sales of 15.02%, contributing to the stock's downward trend.
In the broader market context, EKI Energy's performance has been consistently underwhelming compared to the benchmark, with a 1-year return of -65.08% against a slight decline of 1.33% for the Sensex. This consistent underperformance over the last three years, coupled with negative EBITDA and a significant fall in profitability, has led to a lack of investor confidence. While there has been a rise in investor participation, as indicated by a 40.81% increase in delivery volume, the overall sentiment remains negative due to the company's financial instability and poor long-term fundamentals.