Why is Prima Agro falling/rising?

As of 22-Aug, Prima Agro Ltd's stock price is currently at Rs 20.69, reflecting a decline of Rs 1.2 or 5.48%. The stock has underperformed significantly today, with a performance that is 4.85% lower than its sector. It reached an intraday low of Rs 20.69 and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown a substantial decline in returns over various periods, including a year-to-date drop of 25.58% and a one-year return of -20.70%. The company's financial health is concerning, as it has reported operating losses and a negative EBITDA, with a weak ability to service its debt, further contributing to investor pessimism.
In the broader market context, while the Sensex has gained 0.88% over the past week, Prima Agro's stock has decreased by 1.48%, highlighting its consistent underperformance against the benchmark. This trend is further emphasized by the stock's negative returns over the last three years compared to the BSE500, where it has lagged behind in each annual period. The liquidity of the stock remains adequate for trading, but the falling investor participation, as evidenced by a decrease in delivery volume, suggests a lack of confidence among investors. Overall, the combination of poor financial results, weak fundamentals, and significant underperformance relative to the market has led to the stock's current decline.