Why is Sibar Auto Parts falling/rising?

As of 30-Sep, Sibar Auto Parts Ltd is experiencing a decline in its stock price, currently at Rs. 9.17, reflecting a decrease of -0.42 or -4.38%. The stock has hit a new 52-week low of Rs. 8.21 today and has underperformed its sector by -3.76%. Over the past three days, the stock has consistently fallen, with a total decline of -6.52%. Additionally, it is trading below all its moving averages, indicating a bearish trend. The company has also seen a significant drop in investor participation, with delivery volume plummeting by -90.93% compared to the five-day average. The stock's performance over various periods shows a troubling trend, with a year-to-date decline of -27.80% and a one-year return of -25.14%, both significantly underperforming the broader market indices.
In the broader market context, Sibar Auto Parts' recent performance contrasts sharply with the Sensex, which has shown a modest gain of +2.72% year-to-date. The stock's weak fundamentals, characterized by operating losses and a poor ability to service its debt, contribute to its negative trajectory. Despite a slight growth in net sales and operating profit over the last five years, the overall outlook remains bleak, with the stock trading at risky valuations compared to its historical performance. This combination of poor short-term and long-term performance, alongside a lack of institutional support, reinforces the stock's downward movement in the current market environment.