Why is Mukta Arts falling/rising?

As of 17-Sep, Mukta Arts Ltd is currently priced at 70.00, reflecting a decrease of 0.03 (-0.04%). The stock has recently outperformed its sector by 1.15% but has experienced a trend reversal after three consecutive days of gains. Its performance over the past week shows a positive return of 4.09%, although it has underperformed significantly over the last month and year, with declines of 11.39% and 22.18%, respectively. The company has declared negative results for the last six consecutive quarters, with a recent PAT of Rs -6.09 crore, indicating weak profitability and a negative book value. Additionally, the company has a high Debt to EBITDA ratio of 6.46 times, which raises concerns about its ability to service debt, further contributing to the stock's downward pressure.
In the broader market context, while Mukta Arts has shown a short-term positive return, it has consistently underperformed against the benchmark, with a 1-year return of -13.60% compared to a slight decline of -0.46% for the Sensex. The stock's liquidity is adequate for trading, but a significant drop in delivery volume by 56.08% against the 5-day average suggests falling investor participation, which could be a contributing factor to its recent price decline. Overall, the combination of weak financial fundamentals, negative operating profits, and declining investor interest paints a concerning picture for Mukta Arts Ltd, leading to its current price movement.