Why is Graviss Hospital falling/rising?

As of 17-Sep, Graviss Hospitality Ltd is experiencing a decline in its stock price, currently at Rs 40.40, which reflects a decrease of Rs 0.26 or 0.64%. The stock has underperformed its sector by 0.8% today and has been on a downward trend, losing 5.25% over the last two days. It is also trading lower than its moving averages across various time frames, indicating a bearish sentiment. The stock is close to its 52-week low, only 3.47% away from Rs 39. Furthermore, the company has reported significant operating losses, with a negative PAT of Rs -2.22 crore, and a weak ability to service its debt, contributing to a poor long-term growth outlook.
In the broader market context, Graviss Hospitality's performance has been notably worse than the benchmark, with a one-year return of -33.63% compared to the Sensex, which has seen a slight decline of only -0.46%. This stark contrast highlights the company's struggles in a generally stable market environment. Despite a rise in investor participation, as evidenced by a 178.56% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and poor operating profits. The stock's risk profile is elevated, as indicated by its historical valuations and the low inventory turnover ratio, further exacerbating its challenges in attracting investor confidence.