Why is Indrayani Biotec falling/rising?

As of 23-Jun, Indrayani Biotech Ltd is experiencing a decline in its stock price, currently at Rs. 13.80, which represents a decrease of -0.28 or -1.99%. The stock has hit a new 52-week low of Rs. 13.5 today and has been on a downward trend, losing -9.21% over the last four days. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has generated a staggering return of -77.78%, while its profits have plummeted by -134.9%. The company has also reported negative results for the last four consecutive quarters, contributing to its weak long-term fundamental strength, as indicated by a low Return on Capital Employed (ROCE) of 2.87%.
In the broader market context, the stock's performance has significantly lagged behind the benchmark, with a -17.37% return over the past month compared to a +0.22% gain in the Sensex. The floriculture sector, in which Indrayani operates, has also seen a decline of -2.02%. Additionally, there has been a noticeable drop in investor participation, with delivery volume decreasing by -24.05% against the 5-day average. Institutional investors have reduced their stake in the company by -1.59%, reflecting a lack of confidence in its future performance. This combination of poor financial results, declining investor interest, and underperformance relative to the market has contributed to the stock's downward trajectory.