Why is Sadbhav Engg. falling/rising?

As of 23-Sep, Sadbhav Engineering Ltd is currently priced at 13.25, reflecting a slight increase of 0.03 or 0.23%. The stock has been trading lower than its moving averages across various time frames, indicating a bearish trend. Despite a rise in investor participation, with delivery volume increasing by 32.14% against the 5-day average, the company faces significant challenges. It has a negative book value, high debt levels with a debt-to-equity ratio of 5.52, and has reported losses, which contribute to its weak long-term fundamental strength. Over the past year, the stock has underperformed the market, with a return of -57.61% compared to the broader market's decline of -3.33%.
In the short term, the stock has seen a decline of 5.22% over the past week, while the benchmark Sensex has only decreased by 0.34%. This underperformance highlights the stock's struggles relative to the market. The company's poor financial health, characterized by declining net sales and operating profits, coupled with a high percentage of pledged promoter shares, adds to the risk perception among investors. Overall, these factors contribute to a challenging environment for Sadbhav Engineering Ltd, leading to its current price movement.