Why is Omaxe falling/rising?

As of 28-Aug, Omaxe Ltd's stock price is currently at 84.40, reflecting a decline of 3.93 points or 4.45%. The stock has been on a downward trend, having underperformed its sector by 3.29% today and experiencing a consecutive fall for the last seven days, resulting in a total drop of 9.97% during this period. The stock opened with a loss of 2.57% and reached an intraday low of Rs 83.27, indicating significant selling pressure. Additionally, Omaxe's performance over various time frames shows a stark decline, with a 1-month return of -15.18% and a year-to-date return of -23.90%. The company is facing challenges such as a negative book value, a high debt-to-EBITDA ratio, and poor long-term growth, with operating profit declining at an annual rate of -240.34% over the last five years. Institutional investor participation has also decreased, further contributing to the stock's weak performance.
In the broader market context, Omaxe's recent performance contrasts sharply with the benchmark Sensex, which has shown a modest gain of 2.48% year-to-date. The stock's short-term return of -8.07% over the past week is significantly worse than the Sensex's decline of only 2.34% during the same period. This underperformance highlights the stock's struggles relative to the market, compounded by negative financial results and a lack of investor confidence. The overall sentiment surrounding Omaxe remains bearish, as evidenced by falling participation from institutional investors and a general trend of declining returns across multiple time frames.