Why is Pratiksha Chem. falling/rising?

As of 15-Sep, Pratiksha Chemicals Ltd is currently priced at 19.00, showing no change (0.00%). The stock has underperformed its sector by 1.5% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 7.23%, while it has seen a modest increase of 2.65% over the past month. However, it has experienced significant declines year-to-date and over the past year, with returns of -20.83% and -17.43%, respectively. The company's financial health is concerning, as it has a negative book value and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of 0.24. Additionally, the company's recent performance has been disappointing, with a significant drop in PAT and EPS, alongside a negative EBITDA. The reduction in promoter stake by 2.71% further signals a lack of confidence in the company's future prospects.
In the broader market context, Pratiksha Chemicals has consistently underperformed against the benchmark, with negative returns in each of the last three annual periods. While the Sensex has gained 1.24% over the past week, Pratiksha Chemicals' substantial decline of 7.23% highlights its struggles relative to the market. The stock's liquidity appears adequate, but the overall sentiment remains negative due to the company's weak fundamentals and declining promoter confidence, which may deter potential investors and contribute to its ongoing price challenges.