Why is Shiva Cement falling/rising?

As of 24-Sep, Shiva Cement Ltd's stock price is currently at 28.78, reflecting a decrease of 0.17, or 0.59%. The stock has been on a downward trend, having lost value for the last six consecutive days, resulting in a total decline of 4% 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 sentiment. The company's performance over the past year has been particularly poor, with a return of -40.73%, and it has consistently underperformed against the benchmark indices. Factors contributing to this decline include a high debt-to-equity ratio of 13.65, weak long-term growth, and negative earnings before interest, taxes, depreciation, and amortization (EBITDA). Furthermore, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its financial health.
In the broader market context, Shiva Cement's short-term performance has been notably worse than the benchmark, as it has declined by 3.75% over the past week while the Sensex has only fallen by 1.18%. This stark contrast highlights the stock's ongoing struggles relative to the overall market. The company's weak financial fundamentals, including a significant drop in net sales and profits, further exacerbate its challenges. The lack of investor participation, as evidenced by a decrease in delivery volume, also points to waning interest and confidence in the stock, contributing to its continued decline.