Why is Sanghi Industrie falling/rising?

As of 25-Jul, Sanghi Industries Ltd is experiencing a decline in its stock price, currently at 68.17, which reflects a decrease of 0.99 or 1.43%. The stock has been losing value for the last three days, with a total drop of 1.62% during this period. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 2.62% and 9.02%, respectively. However, the company has reported negative results for the last three consecutive quarters, with significant losses in both profit before tax and profit after tax, indicating weak long-term fundamental strength. Additionally, the high debt-to-EBITDA ratio and low return on equity suggest challenges in servicing debt and profitability, contributing to the stock's downward pressure.
In the broader market context, Sanghi Industries has underperformed compared to the benchmark index, the Sensex, which has seen a slight decline of 0.36% over the past week. While the stock has outperformed the benchmark in terms of year-to-date returns, the significant drop of 29.34% over the past year starkly contrasts with the Sensex's modest gain of 1.78%. This underperformance, coupled with falling investor participation and a low stake from domestic mutual funds, indicates a lack of confidence in the stock's future prospects, further exacerbating its recent price decline.