Why is Omaxe falling/rising?

As of 24-Sep, Omaxe Ltd's stock price is currently at 84.61, reflecting a decrease of 1.43, or 1.66%. The stock has underperformed significantly in the short term, with a 3.40% decline over the past week and a 6.49% drop over the past month. Today's performance shows that Omaxe has outperformed its sector by 0.76%, but it is trading below all its moving averages, indicating a bearish trend. The company is facing substantial challenges, including a negative book value and a weak long-term fundamental strength, as evidenced by a staggering annual decline in operating profit of 240.34% over the last five years. Additionally, the latest financial results indicate a significant loss in profit before tax and the lowest net sales recorded, contributing to a negative EBITDA and raising concerns about the company's ability to service its debt.
In the broader market context, Omaxe's performance contrasts sharply with the benchmark, as the Sensex has only declined by 1.18% over the past week. The stock's long-term performance is also troubling, with a 23.71% drop year-to-date and a 26.10% decline over the past year, compared to the Sensex's 4.58% gain in the same timeframe. Institutional investors have reduced their stakes, indicating a lack of confidence in the company's future prospects, which further exacerbates the stock's downward trajectory. Overall, the combination of poor financial health, negative investor sentiment, and underperformance relative to the market contributes to the ongoing decline in Omaxe's stock price.