Why is Sh. Ganesh Elas. falling/rising?

As of 04-Jul, Shree Ganesh Elastoplast Ltd's stock price is currently at 22.70, reflecting a decrease of 0.3, or 1.3%. The stock has been on a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 1.73% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported significant operating losses, with a negative EBITDA and a weak ability to service its debt, which has contributed to a poor long-term fundamental strength. Furthermore, the stock's performance has been subpar, with a year-to-date return of -15.93% and a one-year return of -7.35%, underperforming the broader market indices.
In the broader market context, the Sensex has shown a slight decline of 0.74% over the past week, while Shree Ganesh Elastoplast Ltd has experienced a more significant drop of 6.58% in the same period. Despite outperforming its sector by 6.41% today, the overall trading activity has decreased, with a notable drop in delivery volume by 69.7% compared to the 5-day average. This suggests a lack of investor confidence and participation, further exacerbating the stock's decline. The company's negative financial results, including a 49.22% decrease in net sales and a similar drop in profit after tax, highlight the challenges it faces, contributing to the stock's downward movement.