Why is Praxis Home falling/rising?

As of 24-Jul, Praxis Home Retail Ltd is experiencing a decline in its stock price, currently at 12.19, which reflects a decrease of 0.61 or 4.77%. The stock has underperformed its sector by 4.32% today and has been on a downward trend, losing 6.23% over the last two days. In terms of longer-term performance, the stock has shown a significant decline, with a year-to-date drop of 33.41% and a staggering 53.53% decrease over the past three years. The company has reported negative results for the last 11 consecutive quarters, including a 41.1% fall in net sales, which has contributed to a negative book value and weak long-term fundamentals. Additionally, the reduction in promoter stake by 13.69% may indicate a lack of confidence in the company's future prospects.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.39% compared to a slight decline of 0.09% in the Sensex. This consistent underperformance against the benchmark over the last three years, coupled with a high debt-to-EBITDA ratio and negative EBITDA, paints a concerning picture for investors. The liquidity of the stock remains adequate, but the significant drop in delivery volume suggests waning investor interest, further exacerbating the stock's decline. Overall, the combination of poor financial results, declining investor confidence, and underperformance relative to the market has led to the stock's current downward trajectory.