Why is Rajnish Wellness falling/rising?

As of 05-Jun, Rajnish Wellness Ltd's stock price is currently at Rs 0.92, reflecting a decrease of Rs 0.02 or 2.13%. The stock has underperformed its sector today by 2.14%, and it is trading below all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, being only 4.35% away from Rs 0.88. Over the past year, the stock has experienced a significant decline of 84.62%, while its net sales and operating profit have also reached their lowest levels, contributing to a negative sentiment among investors. Despite a healthy long-term growth in net sales and operating profit, the company's high Debt to EBITDA ratio and low return on equity signify challenges in profitability and debt servicing, which further exacerbate the stock's downward movement.
In the broader market context, the stock's performance over the past week has been flat at 0.00%, while the benchmark Sensex has seen a slight decline of 0.23%. Year-to-date, Rajnish Wellness has dropped 35.66%, contrasting sharply with the Sensex's gain of 4.23%. This stark difference highlights the stock's struggles relative to the overall market. The recent increase in institutional investor participation, while a positive sign, has not been enough to offset the negative operating profits and the stock's technical indicators, which remain bearish. Overall, the combination of poor financial performance, high debt levels, and a lack of investor confidence has led to the stock's current decline.