Why is Shivam Autotech falling/rising?

As of 10-Sep, Shivam Autotech Ltd's stock price is currently at Rs 28.30, reflecting a decline of Rs 1.2 or 4.07%. The stock has underperformed its sector today by 4.04%, reaching an intraday low of Rs 28.30. It is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -42.13%, while its profits have decreased by 15.6%. The company has also reported negative results for the last two consecutive quarters, with net sales falling by 20.1% and a significant drop in profit after tax. The high debt levels, with a debt-equity ratio of 10.73 times, further contribute to its weak long-term fundamental strength, leading to a negative return on equity.
In the broader market context, the stock has underperformed the benchmark Sensex, which has gained 1.06% over the past week and 1.96% over the past month. While the stock has shown a slight positive return of 0.75% over the last month, its year-to-date performance remains significantly negative at -37.94%. This consistent underperformance against the benchmark over the last three years, coupled with the company's declining sales and profits, suggests a challenging environment for Shivam Autotech, contributing to the current downward pressure on its stock price.