Why is Hind.Organ.Chem. falling/rising?

As of 28-Aug, Hindustan Organic Chemicals Ltd is experiencing a decline in its stock price, currently at 34.82, which reflects a decrease of 0.17 or 0.49%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -0.8%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's performance over the past week shows a decline of 2.82%, and over the past month, it has decreased by 3.28%. The company is facing significant challenges, including operating losses and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. The stock's negative EBITDA and poor profitability metrics further exacerbate its downward trend.
In the broader market context, the stock's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has seen a decline of only 2.34% over the same week. The company's returns have been significantly lower than the benchmark over various periods, including a staggering -31.44% over the past year compared to the Sensex's -2.08%. This underperformance is compounded by a drastic drop in investor participation, with delivery volume falling by 73.57% against the 5-day average. Overall, the combination of weak financial fundamentals, poor market sentiment, and declining investor interest has led to the stock's continued decline.