Why is Rajnish Wellness falling/rising?

As of 27-Jun, Rajnish Wellness Ltd is currently priced at 0.86, reflecting an increase of 0.01 or 1.18%. The stock has shown a slight positive movement, gaining for the last two days with a total return of 2.38%. However, it is trading below all its moving averages, indicating a bearish trend. Despite outperforming its sector by 0.57% today, the stock is still close to its 52-week low, just 3.49% away from Rs 0.83. The company has experienced significant declines over longer periods, with a year-to-date drop of 39.86% and a staggering 85.67% decrease over the past year. While there has been a slight increase in institutional investor participation, the company faces challenges such as a high Debt to EBITDA ratio and negative operating profits, which contribute to its overall risk and may deter retail investors.
In the broader market context, the stock's performance has lagged significantly behind the benchmark Sensex, which has gained 3.07% over the past month and 7.58% year-to-date. The stock's recent gains are modest compared to the benchmark's performance, highlighting its underperformance in the market. The negative financial results reported, including the lowest net sales and operating profit margins, further exacerbate investor concerns. Consequently, while there are some positive indicators such as long-term growth in net sales and increased institutional interest, the overall sentiment remains cautious due to the company's financial instability and poor historical returns.