Why is Emmbi Industries falling/rising?

As of 23-Jun, Emmbi Industries Ltd is experiencing a decline in its stock price, currently at Rs 107.05, down by Rs 1.95 or 1.79%. The stock has been on a consecutive downward trend for the past eight days, resulting in a total drop of 9.66% during this period. It has underperformed its sector by 2.27% today and is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -3.93%, while profits have significantly decreased by 33.5%. The company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 7.8% and a high Debt to EBITDA ratio of 3.87 times, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Emmbi Industries has notably underperformed against the benchmark, with a 1-week return of -6.83% compared to the Sensex's slight gain of 0.12%. This trend of underperformance has been consistent over the last three years, where the stock has lagged behind the BSE 500 in each annual period. Despite a recent increase in investor participation, as indicated by a rise in delivery volume, the overall market conditions and the company's financial challenges have led to a lack of confidence among investors, resulting in the stock's continued decline.