Why is Harshil Agrotech falling/rising?

As of 17-Sep, Harshil Agrotech Ltd's stock price is currently at Rs. 0.99, reflecting a decrease of Rs. 0.05 or 4.81%. The stock has hit a new 52-week low today and has been on a downward trend, losing value for the last 10 consecutive days, resulting in a total decline of 37.34% during this period. Additionally, the stock has significantly underperformed against the sector by 5.59%. Over the past year, it has generated a staggering return of -98.24%, while its performance over the last three years has also been below par compared to broader indices. Despite the company's strong fundamentals, such as a high return on equity and impressive growth in net sales, these positive factors have not translated into stock price stability or growth, indicating a disconnect between the company's financial health and market perception.
In the broader market context, Harshil Agrotech's recent performance contrasts sharply with the Sensex, which has shown a positive return of 1.56% over the past week and 2.60% over the past month. This stark difference highlights the stock's struggles, as it has underperformed the benchmark significantly in both the short and long term. The company's liquidity appears adequate for trading, but the falling investor participation, as evidenced by a decline in delivery volume, suggests waning interest among investors. Overall, the combination of poor stock performance, negative market sentiment, and a lack of investor confidence has contributed to the ongoing decline in Harshil Agrotech's stock price.