Why is Medi Caps falling/rising?

As of 24-Sep, Medi Caps Ltd is experiencing a decline in its stock price, currently at Rs 37.88, which reflects a decrease of Rs 2.33 or 5.79%. The stock has hit a new 52-week low of Rs 35.7 today, indicating significant downward pressure. It has underperformed its sector by 5.34% and has shown high volatility with an intraday range of Rs 4.39. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 49.86% compared to the 5-day average. The company's financial health is concerning, with operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.91 and a low return on equity of 2.03%. Furthermore, the company has reported negative results, including a significant drop in profit before tax and net sales, contributing to the stock's recent decline.
In the broader market context, Medi Caps has underperformed the benchmark, with a year-to-date return of -22.30% compared to the Sensex's gain of 4.58%. Over the past year, the stock has consistently lagged behind the BSE500, generating a return of -26.99% while the benchmark has only declined by 3.77%. This consistent underperformance over multiple periods, combined with the company's weak fundamentals and negative EBITDA, paints a concerning picture for investors. The overall market sentiment appears to be cautious, reflecting the stock's struggles amidst broader economic conditions.