Why is Indo Euro Indch. falling/rising?

As of 17-Jul, Indo Euro Indchem Ltd is experiencing a decline in its stock price, currently at 12.85, which represents a decrease of 0.06 or 0.46%. The stock has underperformed its sector today by 0.63% and has been on a consecutive fall for the last three days, resulting in a total drop of 1.76% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's performance has been concerning, with a significant drop in delivery volume by 99.24% against the 5-day average, indicating falling investor participation. The company has also reported operating losses and weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.11, which negatively impacts investor confidence.
In the broader market context, Indo Euro Indchem Ltd has underperformed compared to the Sensex, which has shown a slight increase of 0.83% over the past month while the stock itself has fallen by 11.87%. This stark contrast highlights the stock's struggles in both short-term and long-term performance, as it has generated a return of -20.63% year-to-date, while the benchmark has gained 5.27%. The company's flat results, including a significant decline in net sales and negative EBITDA, further contribute to its poor performance relative to the market, reinforcing the perception of it being a risky investment.