Why is Rajnish Wellness falling/rising?

As of 23-Jun, Rajnish Wellness Ltd's stock price is currently at Rs. 0.86, reflecting a decline of Rs. 0.01 or 1.15%. The stock has recently hit a new 52-week low of Rs. 0.83 and is underperforming its sector by 0.58%. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 2.27%, and its year-to-date performance shows a significant drop of 39.86%. Despite a healthy long-term growth in net sales and operating profit, the company faces challenges such as a high Debt to EBITDA ratio and negative operating profits, which contribute to its recent price decline.
In the broader market context, Rajnish Wellness's performance contrasts sharply with the Sensex, which has gained 0.12% over the past week. The stock's substantial year-over-year decline of 85.42% further highlights its struggles compared to the Sensex's 6.07% increase in the same period. While there has been an increase in institutional investor participation, the overall financial health of the company, marked by low profitability and negative operating results, suggests a challenging environment for the stock, leading to its current downward trajectory.