Why is Shree Ganesh Rem falling/rising?

As of 09-Jul, Shree Ganesh Remedies Ltd is currently priced at Rs 583.85, reflecting a decrease of Rs 1.75 or 0.3%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.2% during this period. It 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 close to its 52-week low, just 3.23% away from Rs 565. Over the past year, it has significantly underperformed the market, with a return of -28.42% compared to the Sensex's gain of 3.96%. The company's recent financial results have also been disappointing, with a substantial drop in profit before tax and net sales, contributing to a perception of an expensive valuation relative to its peers.
In the broader market context, Shree Ganesh Remedies Ltd has not only underperformed against the Sensex over the past year but also in the short term, with a slight decline of 0.01% over the last week compared to a 0.15% gain in the benchmark index. The lack of investor confidence is further reflected in the negligible domestic mutual fund holdings, suggesting that institutional investors may not be comfortable with the stock's current price or business outlook. Despite a low debt-to-equity ratio, the company’s declining profitability and the negative sentiment surrounding its recent financial performance have led to a bearish outlook, reinforcing the stock's downward movement.