Why is Objectone Inform falling/rising?

As of 22-Sep, Objectone Information Systems Ltd is experiencing a decline in its stock price, currently at 8.75, reflecting a decrease of 0.05 or 0.57%. The stock has been underperforming recently, with a consecutive fall over the last two days and a total return of -3.85% in the past week. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, with a poor EBIT to Interest ratio of 0.81. Additionally, the latest quarterly results showed a significant drop in profit after tax, and net sales have decreased by 21.36%. These factors contribute to a perception of the stock as a strong sell.
In the broader market context, while the Sensex has gained 0.46% over the past week, Objectone's performance has been notably poor, with a year-to-date return of -16.67% compared to the benchmark's 5.15% gain. The IT - Software sector has also faced a decline of 2.56%, which may be impacting investor sentiment. Despite a rise in delivery volume, indicating increased investor participation, the overall negative operating profits and consistent underperformance against the benchmark over the last three years suggest that the stock is not attracting positive attention in the current market environment.