Why is Fruition Venture falling/rising?

As of 07-Jul, Fruition Venture Ltd's stock price is currently at Rs 29.03, reflecting a decline of Rs 1.24, or 4.1%. The stock has been on a downward trend, having underperformed its sector by 4.55% today and experiencing a consecutive fall over the last four days, resulting in a total decline of 10.68% in that period. Although the stock opened with a gain of 4.96% and reached an intraday high of Rs 31.77, it ultimately fell to its current price, indicating significant selling pressure. The stock is trading below all major moving averages, and there has been a notable decrease in investor participation, with delivery volume dropping by 76.27% compared to the five-day average. The company also faces weak long-term fundamentals, with a low Return on Capital Employed (ROCE) of 5.20% and a concerning EBIT to Interest ratio of 0.12, which suggests difficulties in servicing its debt.
In the broader market context, Fruition Venture's performance has been significantly worse than the benchmark, with a one-year return of -58.53% compared to the Sensex's gain of 4.31%. This stark contrast highlights the stock's struggles relative to the overall market, particularly given that it has underperformed the market consistently over the past year. The company's flat results in March 2025 and negative operating profits further contribute to its risk profile, making it a strong sell in the current environment. Overall, the combination of poor short-term performance, weak fundamentals, and declining investor interest has led to the stock's recent price decline.