Why is Shree Ganesh Rem falling/rising?

As of 02-Jul, Shree Ganesh Remedies Ltd is experiencing a decline in its stock price, currently at Rs. 583.90, reflecting a decrease of Rs. 11.5 or 1.93%. The stock has hit a new 52-week low of Rs. 580 today and has underperformed its sector by 2.01%. It has been on a consecutive downward trend for the last four days, resulting in a total decline of 4.75% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has reported negative financial results, with net sales falling by 34.56% and profits decreasing by 47.7%, contributing to its weak performance. Furthermore, the lack of domestic mutual fund investment suggests a lack of confidence in the stock's valuation, which is deemed expensive relative to its peers.
In the broader market context, Shree Ganesh Remedies Ltd has significantly underperformed compared to the benchmark index, with a one-year return of -28.40% against the BSE500's positive return of 3.11%. This stark contrast highlights the stock's struggles in attracting investor interest and maintaining market confidence. The recent price movements and the company's financial challenges have led to a perception of risk among investors, further exacerbating the stock's decline relative to the overall market performance.