Why is Shree Ganesh Bio falling/rising?

As of 21-Jul, Shree Ganesh Biotech India Ltd's stock price is currently at Rs 0.82, reflecting an increase of Rs 0.01 or 1.23%. Despite this slight uptick, the stock has shown a negative performance over various periods, including a decline of 5.75% over the past month and a significant drop of 33.33% over the past year. The stock is trading lower than all its moving averages, indicating a bearish trend. Additionally, the company is close to its 52-week low, being only 2.44% away from Rs 0.80. The delivery volume has also decreased by 26.97% compared to the 5-day average, suggesting falling investor participation. The company's financial health is concerning, with operating losses and a weak ability to service its debt, which contributes to its classification as a strong sell.
In the broader market context, Shree Ganesh Biotech's short-term performance has been notably worse than the benchmark Sensex, which has only declined by 0.06% over the past week while the stock itself has fallen by 1.20%. This underperformance is compounded by the company's weak fundamentals, as indicated by a negative EBITDA and a low return on equity of 2.60%. The overall market sentiment appears to be cautious, particularly towards stocks with poor financial results and high risk, further impacting Shree Ganesh Biotech's stock price negatively.