Why is Sandhar Tech falling/rising?

As of 12-Aug, Sandhar Technologies Limited is experiencing a decline in its stock price, currently at Rs 412.75, reflecting a decrease of Rs 6.8 or 1.62%. The stock has been on a downward trend, having lost 15.64% over the past six days, and opened today with a significant loss of 7.94%. The stock's performance over various periods shows a substantial decline, with a 1-week return of -14.23% and a year-to-date return of -19.16%. Although the stock touched an intraday high of Rs 427.95, it also reached a low of Rs 386.25, indicating high volatility. The company has shown healthy long-term growth with an annual operating profit increase of 42.83%, but it has underperformed compared to its peers, with a one-year return of -37.58% against a market return of -2.11%.
In the broader market context, Sandhar Technologies has significantly lagged behind the benchmark, with a one-week return of -14.23% compared to the Sensex's -0.59%. This underperformance is compounded by negative financial results reported on June 25, which highlighted a low operating profit to interest ratio and a high debt-equity ratio, raising concerns among investors. Despite a recent increase in investor participation, as indicated by a 69.4% rise in delivery volume, the stock's overall performance remains weak, trading below all key moving averages. The combination of these factors suggests that while there are some positive indicators for long-term growth, the immediate outlook for Sandhar Technologies is challenging, leading to its current price decline.