Why is Lime Chemicals falling/rising?

As of 31-Jul, Lime Chemicals Ltd is experiencing a decline in its stock price, currently at 16.00, which represents a decrease of 0.5 or 3.03%. The stock has underperformed its sector by 1.97% today and is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 3.44%, and it has shown significant underperformance over the past month and year, with returns of -11.06% and -44.81%, respectively. The company's financial health is concerning, as it has reported operating losses and a negative EBITDA, with net sales declining at an annual rate of -20.91% over the last five years. Additionally, the stock is burdened by high debt, reflected in a debt-to-equity ratio of 4.34 times, and a negative return on equity, which further contributes to its weak long-term fundamental strength.
In the broader market context, the Sensex has only declined by 1.22% over the past week, indicating that Lime Chemicals is underperforming relative to the market. The company's falling investor participation, highlighted by a 61.88% drop in delivery volume compared to the five-day average, suggests a lack of confidence among investors. Furthermore, institutional investors have reduced their stake in the company by 0.73% over the previous quarter, which may signal a lack of trust in the company's future prospects. Overall, the consistent underperformance against benchmarks and the negative financial indicators are driving the stock's decline.