Why is Omaxe falling/rising?

As of 17-Nov, Omaxe Ltd's stock price is currently at Rs 74.38, reflecting a decrease of Rs 2.59 or 3.36%. The stock has been on a downward trend, having underperformed its sector by 3.65% today and experiencing a consecutive fall for the last six days, totaling a decline of 6.77% during this period. Additionally, the stock has consistently traded below its moving averages across various time frames, indicating weak momentum. The company's financial health is concerning, with a negative book value and a high debt-to-EBITDA ratio, which suggests a low ability to service debt. Furthermore, the recent negative financial results, including a significant drop in profit before tax and net sales, have contributed to the stock's poor performance, which has seen a 31.76% decline over the past year.
In the broader market context, Omaxe's short-term performance has been notably worse than the benchmark, as it has fallen 4.91% over the past week while the Sensex has gained 1.69%. This stark contrast highlights the stock's underperformance not only in the short term but also over longer periods, as it has lagged behind the BSE500 index in returns over the last three years, one year, and three months. The decline in institutional investor participation, which has decreased by 1.3% in the last quarter, further underscores the lack of confidence in the company's fundamentals compared to its peers. Overall, these factors indicate a challenging environment for Omaxe, contributing to its declining stock price.