Why is Omaxe falling/rising?

As of 29-Sep, Omaxe Ltd's stock price is currently at Rs 80.15, reflecting a decline of 2.48 (-3.0%). The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 6.85% during this period. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock's performance over various time frames shows significant underperformance, with a year-to-date return of -27.73% and a one-year return of -28.82%. The company's negative book value and weak long-term fundamentals, highlighted by a drastic decline in operating profit and a high debt-to-EBITDA ratio, further contribute to the stock's downward movement. Institutional investors have also reduced their stakes, indicating a lack of confidence in the company's prospects.
In the broader market context, Omaxe's recent performance contrasts sharply with the benchmark Sensex, which has shown a slight gain of 0.70% over the past month. While the Sensex has experienced a decline of only 2.18% over the past week, Omaxe's stock has dropped by 6.57% in the same timeframe, underscoring its significant underperformance relative to the market. This disparity suggests that investor sentiment towards Omaxe is particularly negative, exacerbated by its poor financial results and declining investor participation.