Why is Organic Coatings falling/rising?

As of 27-Jun, Organic Coatings Ltd is experiencing a decline in its stock price, currently at 13.68, reflecting a decrease of 0.27 or 1.94%. The stock has underperformed its sector by 4.08% today, and while it is above the 50-day moving average, it is below the 5-day, 20-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 3.87%, and year-to-date, it has seen a significant drop of 27.50%. The company's financial health is concerning, with a high debt-equity ratio of 10.2 times and negative growth in net sales and operating profit over the last five years. Additionally, the promoters have reduced their stake by 17.83%, indicating a lack of confidence in the company's future prospects.
In the broader market context, the Sensex has gained 2.00% over the past week, contrasting sharply with Organic Coatings' performance. The stock has underperformed the market significantly over the last year, generating a negative return of 21.11% while the broader market has returned 4.10%. The Dyes & Pigments sector has seen a gain of 2.18%, further highlighting the company's struggles. The negative EBITDA and poor long-term growth prospects, coupled with the recent decline in promoter confidence, contribute to the stock's downward trajectory, making it a risky investment compared to its historical valuations.