Why is Mahaveer Infoway falling/rising?

As of 28-Jul, Mahaveer Infoway Ltd's stock price is currently at Rs 6.67, reflecting a decrease of Rs 0.03 or 0.45%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days with a total decline of 4.99%. It is trading close to its 52-week low, just 0.75% away from Rs 6.62. The stock has significantly underperformed against the benchmark, with a 1-week return of -10.71% compared to the Sensex's -1.59%. Additionally, the company has been facing operational challenges, including operating losses and weak long-term fundamental strength, which are contributing to its recent price movement.
In the broader market context, the stock's performance has been notably poor over the past year, generating a return of -17.14%, while the Sensex has only declined by 0.54%. This consistent underperformance against the benchmark, coupled with a significant drop in investor participation—evidenced by an 83.54% decrease in delivery volume—indicates a lack of confidence among investors. The company's weak ability to service its debt and negative EBITDA further exacerbate the situation, making it a risky investment. Overall, these factors suggest that Mahaveer Infoway's stock price is falling due to both company-specific issues and its inability to keep pace with broader market trends.