Why is Sharika Enterpr. falling/rising?

As of 24-Sep, Sharika Enterprises Ltd is experiencing a decline in its stock price, currently at 15.84, reflecting a decrease of 0.16 or 1.0%. The stock has underperformed its sector by 0.54% today and has been on a consecutive downward trend for the past two days, resulting in a total loss of 1.31% 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 also seen a significant drop in investor participation, with delivery volume falling by 44.45% compared to the 5-day average. Financially, the company is facing challenges, including operating losses and a high debt-to-EBITDA ratio of 6.89 times, which contributes to its weak long-term fundamental strength. Over the past year, the stock has generated a return of -24.75%, with profits declining by 77.4%.
In the broader market context, while the benchmark Sensex has experienced a minor decline of 1.18% over the past week, Sharika Enterprises has seen a more significant drop of 4.00% in the same timeframe. This underperformance is further highlighted by the company's year-to-date return of -19.80%, contrasting sharply with the Sensex's positive return of 4.58%. Despite a strong performance over the longer term, with a 3-year return of 80.20%, the recent financial results, including a 40.54% decline in profit after tax and a 26.28% drop in net sales, have negatively impacted investor sentiment, leading to the current downward pressure on the stock price.