Why is Objectone Inform falling/rising?

As of 29-Aug, Objectone Information Systems Ltd is experiencing a decline in its stock price, currently at 8.30, which reflects a decrease of 0.15 or 1.78%. The stock has underperformed its sector by 1.1% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 13.18%, and its year-to-date performance shows a decline of 20.95%. The company has reported negative operating profits, with a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.81. Additionally, the company has shown consistent underperformance against benchmarks, with a return of -30.83% over the last year and negative results in its recent financial reports.
In the broader market context, while the Sensex has shown a slight increase of 2.14% year-to-date, Objectone's performance starkly contrasts this trend, highlighting its struggles in comparison to the overall market. The stock's liquidity appears adequate for trading, but the significant operating losses and low profitability per unit of shareholders' funds contribute to a perception of risk among investors. This combination of factors, including the company's weak long-term fundamental strength and consistent underperformance against the benchmark, suggests that the stock is facing considerable challenges, leading to its current downward price movement.