Why is Inditrade Cap. falling/rising?

As of 08-Jul, Inditrade Capital Ltd's stock price is currently at 6.57, reflecting a decrease of 0.13, or 1.94%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.38% during this period. Additionally, the stock has significantly underperformed against the benchmark, with a one-week return of -2.67% compared to the Sensex's slight increase of 0.02%. The company's financial health is concerning, as it has reported negative results for the last two consecutive quarters, with net sales plummeting by 68.76% and a drastic fall in profit after tax. Furthermore, the reduction in promoter stake by 24.68% signals a lack of confidence in the company's future prospects.
In the broader market context, while the Sensex has shown a positive return of 1.85% over the past month, Inditrade Capital Ltd has experienced a staggering decline of 20.07% in the same timeframe. This consistent underperformance against the benchmark, coupled with weak long-term fundamentals such as declining net sales and operating profits, has contributed to a negative sentiment surrounding the stock. The liquidity of the stock is also a concern, as evidenced by a 44.15% drop in delivery volume compared to the five-day average, indicating reduced investor interest. Overall, these factors collectively point to a challenging environment for Inditrade Capital Ltd, leading to its current downward price movement.