Why is Eraaya Lifespace falling/rising?

As of 01-Jul, Eraaya Lifespaces Ltd is experiencing a decline in its stock price, currently at 43.80, reflecting a decrease of 0.2 or 0.45%. The stock has been losing value for the last two days, with a total return of -1.55% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has significantly underperformed in the past year, with a return of -44.47%, while the broader market has seen a gain of 5.31%. The company is also facing challenges such as high operating losses, a negative EBITDA, and a substantial drop in net sales of -87.83%, which have contributed to its weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined while the Sensex has gained 2.00% over the past week. The falling investor participation, evidenced by a 38.24% drop in delivery volume, further exacerbates the stock's struggles. Despite having a relatively high institutional holding of 24.33%, which typically indicates a level of confidence from more knowledgeable investors, the company's inability to generate positive returns and its high debt-to-EBITDA ratio suggest a risky investment. Overall, these factors collectively explain why Eraaya Lifespaces Ltd is currently facing downward pressure in its stock price.