Why is Promax Power falling/rising?

As of 08-Oct, Promax Power Ltd's stock price is currently at 27.15, reflecting a decrease of 0.35, or 1.27%. The stock has been on a downward trend, having lost 9.5% over the past week and has experienced consecutive declines for the last two days. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The delivery volume has also decreased significantly, falling by 21.05% compared to the 5-day average, which suggests a decline in investor participation. The company's weak long-term fundamentals, highlighted by a high Debt to EBITDA ratio of 3.24 times and a lack of declared results in the last six months, contribute to the negative outlook, despite a notable profit increase of 71% over the past year.
In the broader market context, Promax Power's performance has significantly underperformed compared to the benchmark, with a year-to-date return of -38.67% against the Sensex's gain of 4.65%. While the market has seen a slight positive return of 0.17% over the past year, Promax Power's stock has declined by 37.01%, indicating a stark contrast in performance. This underperformance, coupled with the erratic trading patterns and liquidity concerns, further exacerbates the stock's negative sentiment in the market.