Why is S T C falling/rising?

As of 21-Jul, the State Trading Corporation of India Ltd is experiencing a decline in its stock price, currently at 136.60, which reflects a decrease of 0.9 or 0.65%. The stock has underperformed its sector today by 1.18% and has been on a downward trend for the last three days, accumulating a total loss of 2.43% during this period. Over the past week, the stock has dropped by 2.81%, and it has also shown a significant decline of 19.22% over the past year, contrasting sharply with the benchmark Sensex, which has gained 1.98% in the same timeframe. The company is facing challenges such as a negative book value, high debt levels, and poor long-term growth prospects, which have contributed to its recent price movement.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with a 1-week return of -2.81% compared to the Sensex's minimal decline of 0.06%. This underperformance is indicative of investor sentiment, as domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future prospects. The company's financial health is further questioned due to a negative EBITDA and a significant drop in profits, which raises concerns about its ability to sustain operations without raising fresh capital or reporting profits. Overall, these factors collectively explain the stock's recent downward trajectory.