Why is Graviss Hospital falling/rising?

As of 24-Sep, Graviss Hospitality Ltd is experiencing a slight decline in its stock price, currently at Rs 40.20, reflecting a decrease of 0.02 or 0.05%. The stock has been underperforming recently, having fallen consecutively for the last two days, with a total return of -0.25% during this period. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock is close to its 52-week low, being only 2.99% away from that point. The company has reported significant operating losses, with a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio and negative profit after tax in the latest quarter. This has contributed to a negative sentiment surrounding the stock, which has seen a year-to-date decline of 26.58%.
In the broader market context, Graviss Hospitality's short-term performance has been relatively better than the benchmark, as it outperformed the Sensex by 0.8% today despite its overall negative trajectory. However, over the past year, the stock has significantly underperformed the market, with a return of -24.41% compared to the BSE500's decline of only -5.32%. This stark contrast highlights the challenges faced by Graviss Hospitality, including poor inventory turnover and a lack of investor confidence, as evidenced by a substantial drop in delivery volume. Overall, the combination of weak financial performance and negative market sentiment has led to the stock's current downward trend.