Why is Pratiksha Chem. falling/rising?

As of 16-Sep, Pratiksha Chemicals Ltd is experiencing a decline in its stock price, currently at 18.91, which reflects a decrease of 0.09 or 0.47%. The stock has underperformed its sector by 1.51% 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 seen a significant drop of 7.26%, while its year-to-date performance shows a decline of 21.21%. The company has a negative book value and a weak long-term fundamental strength, indicated by a poor EBIT to Interest ratio of 0.24 and a low return on equity of 6.10%. Additionally, the company's recent financial results have been disappointing, with a significant drop in profit after tax and earnings per share, alongside a negative EBITDA. Promoter confidence appears to be waning as they have reduced their stake in the company by 2.71%.
In the broader market context, the Sensex has increased by 1.58% over the past week, contrasting sharply with Pratiksha Chemicals' decline. The stock's performance has consistently lagged behind the benchmark, underperforming the BSE500 in each of the last three annual periods. While the stock has seen a rise in investor participation, as indicated by a 43.64% increase in delivery volume, the overall sentiment remains negative due to the company's financial struggles and the reduction in promoter stakes, which may signal a lack of confidence in the company's future prospects.