Why is Shradha Infrapr. falling/rising?

As of 11-Nov, Shradha Infraprojects Ltd is experiencing a decline in its stock price, currently at Rs 42.88, which reflects a decrease of Rs 1.14 or 2.59%. The stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock is only 4.27% away from its 52-week low of Rs 42.11. The recent performance shows a significant underperformance, with a 1-month return of -12.44% and a year-to-date return of -56.26%. Factors contributing to this decline include poor management efficiency, as evidenced by a low Return on Capital Employed (ROCE) of 4.47%, and a high Debt to EBITDA ratio of 7.70 times, indicating a low ability to service debt. Furthermore, negative financial results reported in June, including a significant drop in operating cash flow and profit after tax, have likely fueled investor concerns.
In the broader market context, Shradha Infraprojects Ltd has underperformed compared to the benchmark, with the Sensex showing a positive return of 1.62% over the past month while the stock has declined by 12.44%. This stark contrast highlights the company's struggles relative to the overall market performance. The falling investor participation, with a 71.05% drop in delivery volume compared to the 5-day average, further suggests a lack of confidence among investors. Despite healthy long-term growth in net sales and operating profit, the current financial metrics and market sentiment indicate that the stock is facing significant challenges, leading to its recent price decline.