Why is Shivam Autotech falling/rising?

As of 08-Sep, Shivam Autotech Ltd is currently priced at 28.73, reflecting a decrease of 0.12, or 0.42%. The stock has underperformed the sector today by 2.68%, despite being higher than its 5-day and 20-day moving averages. Over the past week, the stock has shown a return of +2.57%, while it has generated a return of -41.47% over the last year, indicating significant underperformance against the benchmark. The company has reported negative results for the last two consecutive quarters, with net sales falling by 20.1% compared to the previous quarter's average and an operating profit to interest ratio at its lowest. Additionally, the company has a high debt-to-equity ratio of 10.73, which contributes to its weak long-term fundamental strength and negative return on equity.
In the broader market context, the auto ancillary sector has gained by 2.24%, while Shivam Autotech's recent performance has been lackluster, particularly in comparison to the BSE500, where it has consistently underperformed over the last three years. The stock's year-to-date return of -37.00% starkly contrasts with the benchmark's gain of 3.39%, highlighting the challenges the company faces in terms of growth and profitability. Despite a slight increase in investor participation, the overall sentiment remains negative due to the company's high debt levels and declining sales, which are likely contributing to the stock's downward movement.