Why is Lancer Containe. falling/rising?

As of 29-Sep, Lancer Containers Lines Ltd is experiencing a decline in its stock price, currently at Rs 11.89, which reflects a decrease of Rs 0.17 or 1.41%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 5.26% during this period. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported negative results for the last three consecutive quarters, with significant drops in net sales and profits, contributing to a poor long-term growth outlook. Despite having a high return on equity and a strong ability to service debt, the overall negative operating profits and substantial declines in performance over the past year have led to a bearish sentiment surrounding the stock.
In the broader market context, Lancer Containers has underperformed the benchmark Sensex, which has seen a slight increase of 0.70% over the past month, while Lancer's stock has dropped by 6.96% in the same timeframe. The stock's year-to-date performance is particularly concerning, with a staggering decline of 67.05%, contrasting sharply with the Sensex's positive return of 2.85%. This stark difference highlights the challenges Lancer Containers faces in regaining investor confidence amidst its ongoing financial struggles and negative growth trajectory.