Why is Omaxe falling/rising?

As of 14-Aug, Omaxe Ltd's stock price is currently at 91.49, reflecting a decrease of 3.39 points or 3.57%. The stock has underperformed its sector by 2.75% today and opened with a significant loss of 4.09%. It touched an intraday low of Rs 89, marking a decline of 6.2%. Over the past week, Omaxe has seen a return of -3.72%, and its performance over the last month has been even more concerning, with a decline of 11.48%. The company is facing significant challenges, including a negative book value and weak long-term fundamental strength, as evidenced by a stagnant operating profit growth rate of 0% over the last five years. Additionally, the stock's high Debt to EBITDA ratio and negative EBITDA further contribute to its risky profile, leading to a substantial drop in profits by 63.2% over the past year.
In the broader market context, while the BSE500 index has generated a slight negative return of -0.57% over the last year, Omaxe's performance has been markedly worse, with a return of -21.87%. This stark underperformance highlights the company's struggles relative to the market. Furthermore, institutional investors have reduced their stake in Omaxe by 0.75% in the previous quarter, indicating a lack of confidence among those with greater analytical resources. The combination of falling investor participation, negative financial results, and a weak market position has contributed to the stock's decline, making it a strong sell in the current environment.