Why is Shree Ganesh Rem falling/rising?

As of 29-Sep, Shree Ganesh Remedies Ltd is experiencing a decline in its stock price, currently at Rs. 507.95, which reflects a decrease of Rs. 12.8 or 2.46%. The stock has hit a new 52-week low of Rs. 494.95 today and has underperformed its sector by 2.6%. It has been on a downward trend for the last three days, accumulating a total decline of 6.83% 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's recent financial performance has been concerning, with a significant drop in PAT and net sales, alongside a high Price to Book Value ratio, suggesting that the stock may be overvalued relative to its earnings.
In the broader market context, Shree Ganesh Remedies Ltd has underperformed compared to the benchmark index, with a one-year return of -38.07% against the Sensex's decline of only -6.08%. This stark contrast highlights the stock's struggles in a generally negative market environment. Furthermore, the lack of investment from domestic mutual funds, which hold 0% of the company, may indicate a lack of confidence in its future prospects. Overall, the combination of poor financial results, a significant decline in stock price, and underperformance relative to the market contributes to the negative sentiment surrounding Shree Ganesh Remedies Ltd.