Why is Flexituff Vent. falling/rising?

As of 24-Jun, Flexituff Ventures International Ltd is experiencing a decline in its stock price, currently at 36.75, which represents a decrease of 4.65 or 11.23%. The stock has underperformed its sector significantly, with a performance today that is down by 100.48%. It has been on a consecutive fall for the last six days, resulting in a total return of -100% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company has reported negative results for the last 11 consecutive quarters, with an operating loss and a high debt-to-EBITDA ratio of 5.59 times, which reflects its weak long-term fundamental strength. The high debt-equity ratio of 16.17 times and low return on equity of 0.62% further contribute to the stock's poor performance.
In the broader market context, the Sensex has shown a slight increase of 0.77% over the past week and month, indicating a stable market environment. However, Flexituff's stock has not benefited from this trend, as it has not traded on two days out of the last 20, suggesting erratic trading behavior. The significant drop in delivery volume, which has decreased by 97.84% against the 5-day average, points to falling investor participation, further exacerbating the stock's decline. Additionally, the fact that 77% of promoter shares are pledged adds to the risk, as this can exert additional downward pressure on the stock price in a falling market. Overall, the combination of poor financial performance, high debt levels, and low investor confidence has led to the stock's current downward trajectory.