Why is Praxis Home falling/rising?

As of 26-Jun, Praxis Home Retail Ltd's stock price is currently at 11.85, reflecting a decrease of -0.01, or -0.08%. The stock has been underperforming significantly, with a consecutive decline over the last three days resulting in a total drop of -7.42%. In terms of returns, the stock has shown a -7.20% decline over the past week and a -12.80% drop over the past month, while it has underperformed the benchmark Sensex, which has gained +2.94% in the same week and +1.92% over the month. The company's financial health is concerning, as it has reported negative results for the last 11 consecutive quarters, with a significant fall in net sales of -41.1%. Additionally, the company's negative book value and high debt to EBITDA ratio indicate weak long-term fundamentals, contributing to the stock's downward trend.
In the broader market context, the stock's performance has been consistently poor compared to the benchmark, with a -21.90% return over the past year, while the Sensex has gained +6.46% in the same period. This consistent underperformance highlights the challenges faced by Praxis Home, including a reduction in promoter confidence, as they have decreased their stake by -2.65% in the last quarter. The stock's liquidity is also a concern, with a significant drop in delivery volume, indicating reduced investor interest. Overall, the combination of negative financial results, declining investor participation, and weak long-term growth prospects has led to the stock's continued decline.