Why is Shradha Infrapr. falling/rising?

As of 24-Sep, Shradha Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs. 45.54, which represents a decrease of Rs. 1.54 or 3.27%. The stock has recently hit a new 52-week low of Rs. 44.45 and is underperforming its sector by 0.85%. Additionally, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 8.92%, and its year-to-date performance shows a significant decline of 53.55%. The company's financial health is concerning, with a low Return on Capital Employed (ROCE) of 4.47% and a high Debt to EBITDA ratio of 7.70 times, which suggests poor management efficiency and a low ability to service debt. Furthermore, negative financial results from June, including a substantial drop in operating cash flow and profits, have contributed to the stock's downward trajectory.
In the broader market context, Shradha Infraprojects Ltd has underperformed compared to the benchmark, with a one-year return of -27.50% against the BSE500's -5.32%. This stark contrast highlights the stock's struggles relative to the overall market, which has shown some resilience. The company's significant decline over the past month, at 28.24%, further emphasizes its challenges, especially as the benchmark has managed a slight gain of 0.75% during the same period. The falling investor participation, with a 51.76% drop in delivery volume, also reflects a lack of confidence among investors, contributing to the stock's ongoing decline.