Why is Phyto Chem (I) falling/rising?

As of 14-Aug, Phyto Chem (India) Ltd is experiencing a decline in its stock price, currently at Rs 28.15, which reflects a decrease of Rs 1.56 or 5.25%. The stock has underperformed its sector by 3.91% today, with an intraday low of Rs 27.9, marking a 6.09% drop. Over the past week, the stock has decreased by 5.54%, and it has shown a year-to-date decline of 18.29%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, the company has reported operating losses and a high Debt to EBITDA ratio of 10.65 times, which suggests a weak long-term fundamental strength. The negative financial results, including a significant drop in net sales and a negative EBITDA, further contribute to the stock's downward movement.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.03% over the past week. This indicates that the poor performance of Phyto Chem is not reflective of the overall market trend. While the stock has seen increased investor participation with a notable rise in delivery volume, the overall sentiment remains negative due to the company's weak profitability and inability to service debt effectively. The stock's long-term performance has been below par, as evidenced by its returns compared to the BSE500 over various periods, reinforcing the perception of it being a risky investment.