Why is Shrenik falling/rising?

As of 17-Sep, Shrenik Ltd's stock price is currently at 0.52, showing no change (0.00%). The stock has underperformed its sector today by 0.78%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.89%, and it has experienced significant losses over longer periods, with a year-to-date decline of 35.00% and a staggering 50.94% drop over the past year. The company is facing severe financial challenges, including a negative book value, a high debt-to-equity ratio of 2.60, and poor long-term growth metrics, such as a -49.73% annual growth rate in net sales. Additionally, 99.94% of promoter shares are pledged, which adds downward pressure on the stock price in a declining market.
In the broader market context, the Sensex has increased by 1.43% over the past week, contrasting sharply with Shrenik's decline. While the overall market shows positive momentum, Shrenik's performance remains weak, indicating a lack of investor confidence. The company's financial instability, highlighted by a negative EBITDA and a significant drop in profitability, further exacerbates its underperformance compared to the benchmark. Despite a rise in investor participation, as evidenced by a 37.96% increase in delivery volume, the fundamental weaknesses of Shrenik Ltd continue to overshadow any potential positive sentiment.