Why is Octavius Plant. falling/rising?

As of 04-Aug, Octavius Plantations Ltd is experiencing a decline in its stock price, currently at Rs. 48.50, reflecting a decrease of Rs. 1.38 or 2.77%. The stock has hit a new 52-week low of Rs. 47.39 today and has been on a downward trend, having fallen consecutively for the last three days, resulting in a total drop of 11.8% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish sentiment. The company's performance has been poor, with a return of -36.18% over the past year and a significant drop in profits by 51.1%. Despite having an attractive valuation with a low Price to Book Value, the weak long-term fundamentals and the inability to service debt effectively contribute to the stock's negative movement.
In the broader market context, the stock has underperformed compared to the Sensex, which has shown a slight increase of 0.16% over the past week, while Octavius Plantations Ltd has dropped by 13.47% in the same timeframe. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the company's declining investor participation, evidenced by a 90.47% drop in delivery volume, suggests a lack of confidence among investors. Overall, the combination of poor financial performance, weak fundamentals, and negative market sentiment has led to the stock's current downward trajectory.