Why is Prag Bosimi Syn. falling/rising?

As of 29-Jul, Prag Bosimi Synthetics Ltd is experiencing a decline in its stock price, currently at Rs. 2.13, which reflects a decrease of Rs. 0.18 or 7.79%. The stock has hit a new 52-week low of Rs. 1.95 today and has underperformed its sector by 8.43%. Over the past week and month, the stock has declined by 6.99%, and it has shown a significant year-to-date drop of 28.04%. The company is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 16.76% compared to the 5-day average. The company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its weak performance.
In the broader market context, the stock's short-term performance has been significantly worse than the benchmark, with the Sensex only declining by 1.03% over the same week. Prag Bosimi Synthetics Ltd has consistently underperformed against the BSE500 over various time frames, including the last three years and one year, where it reported a return of -31.07%. This underperformance is compounded by the company's weak financial fundamentals, including a negative EBITDA and a debt-to-equity ratio that raises concerns about its long-term viability. Overall, the combination of poor financial health, declining investor interest, and significant underperformance relative to the market contributes to the stock's downward trajectory.