Why is Emergent Indust. falling/rising?

As of 23-Sep, Emergent Industrial Solutions Ltd is experiencing a decline in its stock price, currently at Rs 410.55, which represents a decrease of Rs 21.6 or 5.0%. The stock has underperformed its sector by 3.42% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 15.67%. Over the past week, the stock has seen a significant drop of 14.91%, and its performance over the last month is even more concerning, with a decrease of 35.41%. The company has reported negative financial results, including a staggering 90.94% fall in net sales, which has contributed to its weak long-term fundamental strength and operating losses. Additionally, the stock is trading below all major moving averages, indicating a bearish trend.
In the broader market context, the Sensex has only declined by 0.34% over the past week, suggesting that Emergent Industrial's performance is significantly worse than the overall market. While the stock has shown impressive returns of 268.04% over the past year, this is overshadowed by its recent financial struggles, including a negative EBIT to interest ratio and consecutive quarters of negative results. The stock's volatility today, with an intraday range of Rs 43.2, further reflects investor uncertainty. Despite a rise in delivery volume, the overall sentiment remains negative due to the company's weak financial health and declining sales, leading to its current downward price movement.