Why is Graviss Hospital falling/rising?

As of 19-Sep, Graviss Hospitality Ltd is experiencing a decline in its stock price, currently at Rs 39.89, reflecting a decrease of Rs 0.51 or 1.26%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 2.23% away from it. The recent performance shows a significant underperformance, with a 1-month return of -10.98% and a year-to-date return of -27.14%. The company has reported operating losses, and its ability to service debt is weak, which contributes to a negative outlook. The latest financial results indicate a substantial drop in profit after tax and a low inventory turnover ratio, further highlighting the company's struggles.
In the broader market context, the Sensex has shown a positive return of 0.88% over the past week, contrasting sharply with Graviss Hospitality's decline of 3.25% during the same period. This underperformance against the benchmark indicates that investor sentiment towards Graviss is particularly negative. The stock's performance has been weak compared to the market, with a one-year return of -25.43% against the BSE500's -1.96%. The falling investor participation, evidenced by a significant drop in delivery volume, suggests that market confidence in the stock is waning, reinforcing the perception of it being a risky investment.