Why is Shiva Cement falling/rising?

As of 03-Nov, Shiva Cement Ltd's stock price is currently at 25.18, reflecting a decrease of 0.21, or 0.83%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.34% during this period. It is also trading below all key moving averages, indicating a bearish trend. The stock is close to its 52-week low, just 4.25% away from Rs 24.11. Despite some positive results reported on September 25, such as an increase in net sales and operating profit, the company is burdened by high debt, with a debt-equity ratio of 5.12 times, which significantly undermines its long-term growth potential. Additionally, the stock has generated a return of -40.03% over the past year, while profits have decreased by 51%, contributing to a perception of risk among investors.
In the broader market context, Shiva Cement's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -4.37% against the Sensex's -0.94%. Over the past month, the stock has declined by 11.99%, contrasting sharply with the Sensex's gain of 3.41%. This consistent underperformance over the last three years, coupled with a lack of investment from domestic mutual funds, suggests a lack of confidence in the company's prospects. The overall market sentiment appears to be cautious, particularly given the company's weak fundamentals and the significant drop in investor participation, as evidenced by a 14.59% decrease in delivery volume compared to the 5-day average.