Why is Pratiksha Chem. falling/rising?

As of 19-Sep, Pratiksha Chemicals Ltd is experiencing a slight increase in its stock price, currently at 18.73, with a change of 0.05, representing a 0.27% rise. However, the stock has underperformed its sector by 0.81% 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 1.42%, and its year-to-date performance shows a significant drop of 21.96%. The company is facing challenges, including a negative book value and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.24. Additionally, the company's recent financial results have shown a substantial decline in profitability, with a PAT of Rs -2.19 crore, falling by 66.2% compared to the previous four-quarter average, and a negative EBITDA, which adds to the stock's risk profile.
In the broader market context, the Sensex has increased by 0.88% over the past week, contrasting with Pratiksha Chemicals' decline. The stock has consistently underperformed against the benchmark over the last three years, with a return of -20.20% in the past year compared to a slight decrease of 0.67% for the Sensex. The reduction in promoter confidence, as evidenced by a 2.71% decrease in their stake, further signals potential concerns about the company's future prospects. Overall, while there is a minor uptick in the stock price today, the underlying fundamentals and market performance suggest ongoing challenges for Pratiksha Chemicals Ltd.