Why is Mukta Arts falling/rising?

As of 24-Sep, Mukta Arts Ltd is currently priced at Rs 69.40, reflecting a decrease of Rs 1.4 or 1.98%. The stock has underperformed its sector by 0.46% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 67.94, marking a decline of 4.04%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, Mukta Arts has returned -0.86%, while its performance over the last month shows a decline of 5.31%. The company has reported negative results for the last six consecutive quarters, with a significant drop in profitability, as evidenced by a negative book value and a high debt-to-EBITDA ratio of 6.46 times, which contributes to its weak long-term fundamental strength.
In the broader market context, Mukta Arts has consistently underperformed against the benchmark, with a year-to-date return of -22.85% compared to the Sensex's gain of 4.58%. The film production, distribution, and entertainment sector has also seen a decline of 2.39%, reflecting broader challenges within the industry. The falling investor participation, with a delivery volume decrease of 43.02% against the 5-day average, further underscores the lack of confidence in the stock. Overall, the combination of negative financial results, high debt levels, and consistent underperformance against benchmarks contributes to the stock's downward movement.