Why is Sharika Enterpr. falling/rising?

As of 17-Nov, Sharika Enterprises Ltd is experiencing a decline in its stock price, currently at 14.89, reflecting a decrease of 0.61 or 3.94%. The stock has underperformed its sector by 4.5% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.12%. 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 decrease in investor participation, with delivery volume falling by 25.51% 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 suggests a low ability to service its debt. Furthermore, the company has reported a negative growth in both profit after tax and net sales over the last six months, contributing to its weak long-term fundamental strength.
In the broader market context, Sharika Enterprises Ltd has underperformed significantly compared to the benchmark, with a year-to-date return of -24.61% against the Sensex's positive return of 8.72%. Over the past year, while the stock has generated a return of -18.41%, the broader market (BSE500) has yielded returns of 8.59%. This stark contrast highlights the stock's struggles in a generally favorable market environment, further exacerbated by its negative operating profits and low profitability per unit of shareholders' funds. Overall, the combination of poor financial performance, declining investor interest, and significant underperformance relative to the market has led to the stock's current downward trajectory.