Why is Prabha Energy falling/rising?

As of 18-Jul, Prabha Energy Ltd's stock price is currently at Rs 291.80, reflecting a decrease of Rs 9.15, or 3.04%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 5.44% during this period. Today's trading saw the stock reach an intraday low of Rs 289.05, and the weighted average price indicates that more volume was traded closer to this low. Additionally, the stock has shown a positive return of 17.66% over the past month, contrasting with the Sensex's slight gain of 0.38%. However, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, with a notable decline in operating profit and a high debt-to-EBITDA ratio, which contribute to its current negative sentiment.
In the broader market context, while Prabha Energy has outperformed the Sensex over the past week with a gain of 0.27% compared to the benchmark's loss of 0.90%, the recent downturn highlights investor concerns regarding the company's financial health. The stock's liquidity remains adequate for trading, but falling investor participation, as evidenced by a decrease in delivery volume, suggests waning interest. The company's negative EBITDA and poor profitability trends, including a 50% decline in profits over the past year, further exacerbate the stock's risk profile, leading to its current downward movement.