Why is Emergent Indust. falling/rising?

As of 14-Nov, Emergent Industrial Solutions Ltd is experiencing a decline in its stock price, currently at Rs 467.85, reflecting a decrease of Rs 24.6 or 5.0%. The stock has been underperforming significantly, having fallen for the last eight consecutive days, resulting in a total decline of 32.58% during this period. It opened with a loss of 5% today and has not traded above this price point. The stock is currently trading below all its moving averages, indicating a bearish trend. Additionally, the company has reported negative results for the last three consecutive quarters, with a substantial drop in net sales and profits, leading to concerns about its long-term fundamental strength. The company's ability to service its debt is also weak, contributing to the stock's negative sentiment among investors.
In the broader market context, the stock's performance over the past week shows a significant underperformance compared to the Sensex, which has gained 1.62% while Emergent Industrial has dropped by 22.61%. Despite a strong year-to-date return of 26.79% and an impressive 300.39% increase over the past year, the recent negative trends and operating losses have overshadowed these gains. The drastic fall in delivery volume, which has decreased by 99.62% against the five-day average, further indicates a lack of investor confidence, exacerbating the stock's decline in a market that is otherwise showing resilience.