Why is EKI Energy falling/rising?

As of 08-Oct, EKI Energy Services Ltd is experiencing a decline in its stock price, currently at 109.30, reflecting a decrease of 0.55 or 0.5%. The stock has been underperforming, with a consecutive fall over the last three days resulting in a total decline of 3.4%. In terms of returns, the stock has shown significant negative performance, with a year-to-date decline of 57.65% and a one-year decline of 63.99%. The company has reported operating losses and negative results for the last two consecutive quarters, which has contributed to its weak long-term fundamental strength. Additionally, the stock is trading below all key moving averages, indicating a bearish trend, while rising investor participation suggests some interest despite the overall negative sentiment.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with the Sensex gaining 0.98% over the past week while EKI Energy has fallen by 2.89%. This consistent underperformance against the benchmark over the last three years highlights the challenges the company faces, including a weak ability to service its debt and declining net sales. The stock's liquidity appears adequate for trading, but the overall risk remains high due to negative EBITDA and a significant drop in profitability, further exacerbating investor concerns.