Why is Nirav Commercial falling/rising?

As of 23-Sep, Nirav Commercials Ltd is experiencing a decline in its stock price, currently at Rs 675.00, which reflects a decrease of Rs 15.00 or 2.17%. The stock has underperformed its sector by 2.01% today and has shown erratic trading patterns, not trading on 3 out of the last 20 days. Additionally, it has touched an intraday low of Rs 675 and is trading below all its moving averages, indicating a bearish trend. The stock's performance over the past week has been particularly poor, with a decline of 3.43%, and it has generated a return of -22.21% year-to-date, significantly underperforming the benchmark Sensex, which has risen by 5.07% during the same period. Despite some positive results in net sales and profit after tax, the company faces significant challenges, including operating losses and a weak ability to service its debt.
In the broader market context, Nirav Commercials Ltd's recent performance contrasts sharply with the benchmark Sensex, which has shown resilience with a slight increase of 0.98% over the past month. The stock's long-term fundamentals are weak, with poor growth rates and a negative EBITDA, which contribute to its classification as a risky investment. The company's ability to generate returns has been disappointing, with a -21.50% return over the past year, further exacerbated by a substantial drop in investor participation, as evidenced by a 92.96% decline in delivery volume. Overall, the combination of weak operational performance, declining investor interest, and poor market sentiment has led to the stock's current downward trajectory.