Why is Mah. Corporation falling/rising?

As of 22-Jul, Maharashtra Corporation Ltd's stock price is currently at 0.46, reflecting a decrease of 0.01 or 2.13%. The stock has been underperforming, with a consecutive decline over the last two days, resulting in a total drop of 6.12% in the past week. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported significant operating losses, with a weak ability to service its debt and a low return on equity of 0.60%. Additionally, the latest financial results show a substantial decline in profit after tax, further contributing to the negative sentiment surrounding the stock.
In the broader market context, Maharashtra Corporation's performance has been notably poor compared to the Sensex, which has only declined by 0.47% over the past week. The stock has experienced a year-to-date drop of 42.50%, while the benchmark has gained 5.18%. Despite a rise in delivery volume, indicating increased investor participation, the overall financial health of the company remains weak, leading to a perception of it being a strong sell. The majority of shareholders are non-institutional, which may also contribute to the volatility and lack of confidence in the stock's future performance.