Why is Shree Ganesh Bio falling/rising?

As of 30-Jul, Shree Ganesh Biotech India Ltd's stock price is currently at Rs.0.79, showing no change (0.00%). The stock has recently hit a new 52-week low of Rs.0.78, indicating a downward trend. Over the past week, the stock has decreased by 3.66%, and it has experienced a significant decline of 24.04% year-to-date. Despite a slight increase in delivery volume, the stock is trading below all its moving averages, which suggests a bearish sentiment among investors. The company is facing operating losses and has a weak long-term fundamental strength, with a poor EBIT to Interest ratio of 0.97 and a low Return on Equity of 2.60%. These factors contribute to the perception of the stock as a strong sell, as it has generated a return of -37.80% over the past year while profits have fallen by 48%.
In the broader market context, the Sensex has declined by 1.50% over the past week and has increased by 4.28% year-to-date, indicating that Shree Ganesh Biotech's performance is underperforming compared to the benchmark. The stock's performance over the last month shows a decline of 9.20%, which is significantly worse than the Sensex's drop of 2.54%. This underperformance, combined with the company's financial struggles and the fact that the majority of its shareholders are non-institutional, suggests that investor confidence is low, further contributing to the stock's downward trajectory.