Why is Pratiksha Chem. falling/rising?

As of 12-Sep, Pratiksha Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 19.00, which represents a decrease of 1.0 or 5.0%. The stock has underperformed significantly today, with a performance that is 4.88% lower than its sector. It has also touched an intraday low of Rs 19, reflecting a 5% drop. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a drastic reduction in investor participation, with delivery volume falling by 96.95% compared to the 5-day average. Over the past year, the stock has generated a return of -16.11%, and its performance has consistently lagged behind the benchmark, with a notable decline of 35.81% over the last three years.
In the broader market context, the Sensex has shown a positive return of 1.48% over the past week, contrasting sharply with Pratiksha Chemicals' decline of 5.00% during the same period. The company's weak fundamentals, highlighted by a negative book value and a poor EBIT to interest ratio of 0.24, contribute to its current struggles. Furthermore, the promoters have decreased their stake by 2.71%, which may indicate a lack of confidence in the company's future prospects. The company's recent financial results have also been disappointing, with a significant drop in profit after tax and negative EBITDA, reinforcing the perception of risk associated with the stock. Overall, these factors have culminated in a continued decline in the stock price, reflecting investor sentiment and market performance.