Why is Shrenik falling/rising?

As of 15-Sep, Shrenik Ltd's stock price is currently at 0.50, reflecting a decrease of 0.01 or 1.96%. The stock has underperformed significantly, with a 1-week return of -5.66% and a 1-month return of -10.71%. It is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 16.14% compared to the 5-day average. The company's financial health is concerning, characterized by a negative book value, high debt-to-equity ratio, and poor long-term growth metrics, including a staggering -49.73% annual decline in net sales over the past five years. Furthermore, 99.94% of promoter shares are pledged, which adds downward pressure on the stock price in a declining market.
In the broader market context, Shrenik Ltd's performance contrasts sharply with the Sensex, which has gained 1.20% over the past week. This stark difference highlights the stock's struggles relative to the overall market. While the Sensex has shown resilience with a year-to-date return of +6.02%, Shrenik has plummeted by 37.50% in the same period. The company's negative EBITDA and weak profitability further exacerbate its challenges, making it a risky investment compared to its historical valuations. Overall, the combination of poor financial performance, high debt, and market conditions has led to the stock's continued decline.