Why is SecureKloud Tech falling/rising?

As of 15-Sep, SecureKloud Technologies Ltd is experiencing a decline in its stock price, currently at 24.49, which reflects a decrease of 0.15 or 0.61%. The stock has been losing value for the last two days, with a total drop of 3.28% during this period. In terms of performance against benchmarks, the stock has underperformed significantly over various time frames, with a year-to-date decline of 20.31% compared to a 4.67% increase in the Sensex. Additionally, the stock's delivery volume has decreased by 6.43% against the five-day average, indicating falling investor participation. The company is characterized by high debt levels and weak long-term fundamentals, with net sales declining at an annual rate of 19.09% and a concerning debt-to-equity ratio of 3.04 times.
In the broader market context, the stock's short-term performance of -3.28% over the last two days contrasts with the Sensex's positive return of 1.24% over the past week. This consistent underperformance against the benchmark, coupled with a negative EBITDA and poor profitability metrics, suggests that investor sentiment is weak. The company's majority shareholders being non-institutional further indicates a lack of confidence from institutional investors, which may contribute to the stock's downward trajectory. Overall, the combination of high debt, declining sales, and negative growth indicators paints a concerning picture for SecureKloud Technologies Ltd, leading to its current price decline.