Why is Harshil Agrotech falling/rising?

As of 17-Jul, Harshil Agrotech Ltd's stock price is currently at Rs 1.32, showing no change (0.00%). The stock has been trading lower than its moving averages across various time frames, indicating a bearish trend. Over the past week, the stock has decreased by 3.65%, and it has experienced a significant decline of 14.84% over the past month. Additionally, the stock is close to its 52-week low, being only 2.27% away from Rs 1.29. Despite the company demonstrating high management efficiency and positive financial results, including a substantial growth in net sales and profits, the stock has generated a staggering return of -94.84% over the past year, which raises concerns among investors.
In the broader market context, Harshil Agrotech's performance has been notably poor compared to the benchmark, with the Sensex showing a gain of 5.27% year-to-date while Harshil Agrotech has plummeted by 59.74% in the same period. The stock's underperformance is further highlighted by its negative returns over the last three years, where it has lagged behind the BSE500 index. The falling investor participation, as indicated by a 22.65% drop in delivery volume, suggests a lack of confidence among traders, contributing to the stock's declining price. Overall, while the company has shown strong operational metrics, the market's perception and the stock's historical performance have led to its current downward trajectory.