Why is Samyak Internati falling/rising?

As of 14-Jul, Samyak International Ltd's stock price is currently at 25.14, reflecting a decline of 0.84, or 3.23%. The stock has recently hit a new 52-week low of Rs.23.69 and has underperformed its sector by 3.31%. Over the past week, the stock has dropped by 13.55%, and its year-to-date performance shows a significant decline of 39.93%. The company's weak long-term fundamentals are highlighted by a low return on equity of 5.80% and negative financial results, including a substantial drop in profit after tax and net sales. Additionally, the promoters have reduced their stake in the company, indicating a lack of confidence in its future prospects.
In the broader market context, the Sensex has only declined by 1.42% over the past week, contrasting sharply with Samyak International's performance. This significant underperformance relative to the benchmark suggests that investor sentiment towards the stock is particularly negative. The stock's trading below all key moving averages further emphasizes its weak position in the market. Overall, the combination of poor financial results, declining promoter confidence, and substantial underperformance compared to the benchmark contributes to the stock's downward trajectory.