Why is Prabha Energy falling/rising?

As of 18-Sep, Prabha Energy Ltd's stock price is currently at Rs 220.80, reflecting a decline of Rs 5.3 or 2.34%. The stock has been underperforming significantly, having fallen consecutively for the last six days, resulting in a total decline of 9.65% during this period. Additionally, the stock has underperformed its sector by 2.88% today. It is trading below all key moving averages, indicating a bearish trend. The company's operating losses and a high Debt to EBITDA ratio suggest weak long-term fundamentals, contributing to a lack of investor confidence, as evidenced by the absence of domestic mutual fund holdings.
Broader market context shows that while Prabha Energy has experienced a 1-week decline of 8.97%, the benchmark Sensex has gained 1.80% in the same timeframe. This stark contrast highlights the stock's poor performance relative to the broader market. The company's negative EBITDA and a significant drop in profits over the past year further exacerbate its challenges, making it a risky investment. Overall, the combination of weak financials, declining stock performance, and lack of institutional support has led to the current downward trend in Prabha Energy's stock price.