Why is Odigma Consultan falling/rising?

As of 13-Aug, Odigma Consultancy Solutions Ltd is experiencing a decline in its stock price, currently at Rs 30.82, which reflects a decrease of 0.94 or 2.96%. The stock has underperformed significantly, with a 1-week return of -11.31% and a 1-month return of -16.68%. Today's performance is particularly concerning as it has hit a new 52-week low of Rs 30.7 and has been on a consecutive downward trend for the past three days, resulting in a total decline of 9.35%. The company is trading below all its moving averages, indicating weak momentum. Additionally, the company is facing operational losses, with net sales dropping by 44.5% in the latest quarter, and it has a high debt-to-EBITDA ratio, which raises concerns about its long-term financial health.
In the broader market context, the Sensex has remained relatively stable with only a slight decline of 0.01% over the past week, contrasting sharply with Odigma's poor performance. The stock's significant underperformance against the benchmark highlights its struggles in the current market environment. While there has been a rise in investor participation, as evidenced by a 63.36% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and high valuation metrics. The majority of shareholders being non-institutional further suggests a lack of confidence from institutional investors, which could be contributing to the stock's downward trajectory.