Why is Shrenik falling/rising?

As of 10-Jul, Shrenik Ltd's stock price is flat at 0.58, with no change (0.00%). The stock has underperformed its sector by 0.6% today and is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 3.33%, and it has experienced significant losses over longer periods, including a 27.50% drop year-to-date and a staggering 56.06% decline over the past year. The company is facing serious financial challenges, including a negative book value, high debt levels, and a poor long-term growth outlook, with net sales and operating profit showing substantial declines. Additionally, 99.94% of promoter shares are pledged, which adds further downward pressure on the stock in a falling market.
In the broader market context, Shrenik Ltd's performance contrasts sharply with the Sensex, which has shown a slight decline of only 0.20% over the past week and a positive return of 7.23% year-to-date. This stark difference highlights the company's struggles relative to the overall market. Despite a rise in investor participation, as indicated by a 149.92% increase in delivery volume, the underlying financial issues and negative EBITDA position the stock as a risky investment, contributing to its continued underperformance compared to the benchmark.