Why is Shahi Shipping falling/rising?

As of 31-Jul, Shahi Shipping Ltd's stock price is currently at 16.61, reflecting a decrease of 0.55, or 3.21%. The stock has underperformed its sector today by 2.6%, and it is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has declined by 2.29%, and it has experienced a significant drop of 19.56% year-to-date. The company's financial health appears weak, with a low Return on Capital Employed (ROCE) of 2.46%, negative operating profits, and a concerning debt to EBITDA ratio. Additionally, recent negative results show a decline in net sales and profit after tax, both down by 22.49%. Promoter confidence has also waned, with a 23.11% reduction in their stake, indicating a lack of faith in the company's future prospects.
In the broader market context, Shahi Shipping's performance has been notably poor compared to the benchmark, as it has generated a return of -36.92% over the past year, while the Sensex has only declined by 0.68%. This stark contrast highlights the company's struggles relative to the overall market. Furthermore, the stock's liquidity is low, with a delivery volume that has fallen significantly, suggesting reduced investor interest. Overall, the combination of weak fundamentals, declining sales, and diminishing promoter confidence contributes to the stock's downward trajectory in the current market environment.