Why is Madhucon Project falling/rising?

As of 24-Jun, Madhucon Projects Ltd is experiencing a decline in its stock price, currently at 7.40, which represents a decrease of 0.36 or 4.64%. The stock has underperformed its sector by 5.74% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 12.22% during this period. Over the past week, the stock has fallen by 8.98%, and its year-to-date performance shows a significant decline of 22.92%. The company has reported negative results for the last four consecutive quarters, with a notable drop in net sales of 42.1%, and it has a negative book value, indicating weak long-term fundamental strength. Additionally, the stock is considered risky due to a negative EBITDA and has generated a return of -28.64% over the past year, underperforming the market significantly.
In the broader market context, the Sensex has shown a slight increase of 0.58% over the past week, contrasting with Madhucon Projects' negative performance. While the market has generated returns of 5.01% year-to-date, Madhucon's stock has declined sharply, highlighting its struggles relative to the benchmark. The falling investor participation, with a delivery volume drop of 75.46%, further indicates a lack of confidence among investors, contributing to the stock's downward trajectory. Overall, the combination of poor financial results, high debt levels, and negative market sentiment has led to the stock's current decline.