Why is Polymechplast Ma falling/rising?

As of 16-Sep, Polymechplast Machines Ltd is experiencing a decline in its stock price, currently at Rs 56.10, which reflects a decrease of Rs 1.78 or 3.08%. Today's price summary indicates that the stock has underperformed its sector by 3.25%, with an intraday low of Rs 55.12, marking a drop of 4.77%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past week, the stock has decreased by 4.43%, and it has shown a significant year-to-date decline of 22.55%. The company's return on equity is low at 2.7%, and it has generated a negative return of -15.64% over the past year, coinciding with a 38.5% drop in profits. This consistent underperformance, coupled with operating losses and weak long-term fundamentals, contributes to the stock's downward movement.
In the broader market context, Polymechplast's performance has lagged behind the benchmark, with the Sensex gaining 1.58% over the past week while Polymechplast has fallen. This trend of underperformance is evident over the last three years, where the stock has consistently generated negative returns compared to the BSE500. The stock's liquidity appears adequate for trading, but the majority of shareholders are non-institutional, which may indicate a lack of confidence from institutional investors. Overall, the combination of poor financial results, weak profitability, and significant declines in stock value relative to the market contributes to the ongoing decline in Polymechplast's stock price.