Why is Palash Securi. falling/rising?

As of 13-Aug, Palash Securities Ltd is experiencing a decline in its stock price, currently at 117.00, which reflects a decrease of 1.0 or 0.85%. The stock has underperformed its sector by 1.76% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has dropped by 4.53%, and in the last month, it has seen a decline of 6.59%. Additionally, the company has reported significant operating losses, with a negative EBITDA and a poor long-term growth outlook, as evidenced by a staggering annual decline in operating profit of 266.09%. The latest financial results show a substantial fall in profit after tax and operating profit, contributing to the stock's weak performance.
In the broader market context, the Sensex has remained relatively stable with a negligible change of -0.01% over the past week, contrasting sharply with Palash Securities' significant decline. The stock has underperformed the BSE500 over various time frames, including the last year and three years, indicating a consistent trend of weakness. Despite a notable increase in delivery volume, which suggests rising investor participation, the overall sentiment remains negative due to the company's weak fundamentals and poor financial performance, leading to a lack of confidence among investors.