Why is Rajnish Wellness falling/rising?

As of 08-Oct, Rajnish Wellness Ltd is currently priced at 0.88, reflecting an increase of 0.01 or 1.15%. The stock has shown a trend reversal today, gaining after eight consecutive days of decline. Despite this uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock has underperformed significantly over the past week and month, with returns of -5.38% in both periods. Additionally, the company has reported negative results for the last three consecutive quarters, with net sales declining by 76.13% in the latest six months. The weak long-term fundamentals, characterized by a low return on equity and poor growth metrics, contribute to a challenging outlook for the stock.
In the broader market context, while Rajnish Wellness has outperformed its sector by 1.63% today, it has still lagged behind the benchmark Sensex, which has gained 0.98% over the past week and 1.22% over the past month. The stock's year-to-date performance is particularly concerning, with a decline of 38.46% compared to a 4.65% increase in the Sensex. The rising investor participation, indicated by an 83.05% increase in delivery volume, may suggest some renewed interest, but the overall negative sentiment driven by the company's financial struggles and poor long-term growth prospects continues to weigh heavily on its performance.