Why is Lime Chemicals falling/rising?

As of 24-Sep, Lime Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 13.56, which reflects a decrease of 1.43 or 9.54%. The stock has been underperforming significantly, with a consecutive fall over the last seven days resulting in a total drop of 14.77%. It is also close to its 52-week low, just 0.44% away from Rs 13.5. The stock's performance has been poor over various time frames, showing a 58.60% decline over the past year and a 50.51% drop over the last three years compared to the benchmark Sensex, which has risen by 40.65% in the same period. The company's weak fundamentals, characterized by operating losses and a high debt-to-equity ratio of 2.58, contribute to its negative outlook. Additionally, the stock is trading below all key moving averages, indicating a bearish trend.
In the broader market context, Lime Chemicals' short-term performance has been notably worse than the benchmark, with a 1-week decline of 13.58% compared to the Sensex's modest drop of 1.18%. The company's net sales have been declining at an annual rate of 21.26% over the last five years, and institutional investors have reduced their stakes, reflecting a lack of confidence in the company's future prospects. The stock's negative EBITDA and consistent underperformance against the BSE500 further highlight the challenges it faces, leading to a perception of increased risk among investors. Overall, these factors contribute to the stock's downward trajectory in the market.