Why is Pratiksha Chem. falling/rising?

As of 01-Jul, Pratiksha Chemicals Ltd is experiencing a decline in its stock price, currently at 22.96, which reflects a decrease of 0.39 or 1.67%. The stock has underperformed its sector today by 3.24%, and while it is trading higher than its 20-day, 50-day, 100-day, and 200-day moving averages, it is lower than its 5-day moving average. The stock's delivery volume has significantly dropped by 58.31% compared to the 5-day average, indicating falling investor participation. Additionally, the company has a negative book value and weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.24 and a low return on equity of 6.10%. Recent negative financial results, including a substantial drop in profit after tax and negative EBITDA, further contribute to the stock's downward movement. Promoter confidence is also waning, as they have reduced their stake by 2.71%, which may signal concerns about the company's future.
In the broader market context, the stock's performance over the past week shows a decline of 3.49%, while the benchmark Sensex has increased by 2.00%. Over the past month, Pratiksha Chemicals has outperformed the benchmark with a return of 10.65% compared to the Sensex's 2.76%. However, year-to-date, the stock has underperformed with a decline of 4.33% against the Sensex's gain of 7.11%. The overall market sentiment appears to be more favorable than that of Pratiksha Chemicals, which is reflected in the company's recent struggles and declining investor interest.