Why is Sh. Ganesh Elas. falling/rising?

As of 18-Jul, Shree Ganesh Elastoplast Ltd is experiencing a decline in its stock price, currently at 22.31, reflecting a decrease of 0.11 or 0.49%. The stock has been on a downward trend, having lost 2.58% over the last two days and showing a significant drop of 34.71% over the past year. Key indicators from today's price summary reveal that the stock is trading below its moving averages across various time frames, indicating a bearish sentiment. Additionally, the company is facing operating losses, with a weak long-term fundamental strength characterized by a poor EBIT to Interest ratio of 0.36. The latest financial results show a substantial decline in net sales and profit after tax, both down by 49.22%, which further exacerbates the stock's negative outlook.
In the broader market context, while the Sensex has shown a slight increase of 0.51% over the past year, Shree Ganesh Elastoplast Ltd has significantly underperformed, with a return of -34.71%. This stark contrast highlights the company's struggles relative to the market. Although there has been a rise in investor participation, as evidenced by a 126.09% increase in delivery volume, the overall sentiment remains cautious due to the company's erratic trading patterns and liquidity concerns. The stock's performance is further compounded by its classification as risky, given its negative EBITDA and the substantial drop in profits over the past year, indicating a challenging environment for recovery.