Why is Natraj Proteins falling/rising?

As of 01-Oct, Natraj Proteins Ltd is experiencing a decline in its stock price, currently at Rs 39.00, down by Rs 2.7 or 6.47%. Today's price summary indicates that the stock has underperformed its sector by 7.69% and opened with a loss of 3.84%. It reached an intraday low of Rs 38.6, reflecting a significant drop of 7.43%. The stock is trading below all key moving averages, and there has been a drastic fall in investor participation, with delivery volume plummeting by 99.04% compared to the 5-day average. The company's financial health is concerning, marked by operating losses, a high Debt to EBITDA ratio of 9.57 times, and a low Return on Equity of 4.67%, indicating weak profitability. Additionally, the recent negative quarterly results, with a PAT of Rs -1.21 crore and a decline in net sales, further contribute to the stock's downward momentum.
In the broader market context, Natraj Proteins has consistently underperformed against the benchmark, with a 1-year return of -21.53% compared to a -3.90% return for the Sensex. Over the last three years, the stock has shown a significant decline of 37.20%, while the benchmark has risen by 41.02%. This consistent underperformance highlights the challenges faced by the company, including weak long-term fundamental strength and an expensive valuation relative to its peers. The overall market sentiment appears to be unfavorable for Natraj Proteins, exacerbating its stock price decline.