Why is Rajnish Wellness falling/rising?

As of 13-Oct, Rajnish Wellness Ltd is experiencing a decline in its stock price, currently at Rs. 0.83, reflecting a decrease of Rs. 0.02 or 2.35%. The stock has hit a new 52-week low today and has underperformed its sector by 1.52%. It has been on a downward trend for the last three days, with a total decline of 5.68% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported negative results for the last three consecutive quarters, with net sales declining significantly, and its weak long-term fundamentals are highlighted by a low return on equity (ROE) of 0.55%.
In the broader market context, the stock's performance over the past week shows a decline of 7.78%, while the benchmark Sensex has increased by 0.66%. This stark contrast indicates that Rajnish Wellness is not only underperforming relative to the market but also struggling significantly over longer periods, with a year-to-date decline of 41.96% compared to a 5.36% gain in the Sensex. The falling investor participation, as evidenced by a decrease in delivery volume, further suggests a lack of confidence in the stock, contributing to its downward trajectory.