Why is Samyak Internati falling/rising?

As of 16-Jul, Samyak International Ltd's stock price is currently at Rs. 24.48, reflecting a decrease of Rs. 0.43 or 1.73%. The stock has hit a new 52-week low of Rs. 23.69 today and has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 5.77% during this period. The stock is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating weak performance. Furthermore, the company has shown a significant decline in investor participation, with delivery volume dropping by 89.31% compared to the 5-day average. The stock's long-term fundamentals are weak, evidenced by a low return on equity of 5.80% and negative financial results, including a substantial drop in profit after tax and net sales.
In the broader market context, while the Sensex has experienced a slight decline of 1.08% over the past week, Samyak International Ltd has underperformed significantly with a 4.75% drop in the same timeframe. This underperformance is compounded by the company's negative returns over the past year, which stand at -27.72%, contrasting sharply with the Sensex's positive return of 2.38%. Additionally, the reduction in promoter confidence, as indicated by a 1.58% decrease in their stake, further suggests a lack of faith in the company's future prospects, contributing to the stock's downward trajectory. Overall, the combination of poor financial performance, declining investor interest, and negative sentiment surrounding the company's fundamentals has led to the stock's recent decline.