Why is Simplex Infra falling/rising?

As of 24-Jul, Simplex Infrastructures Ltd is experiencing a decline in its stock price, currently at Rs 306.85, which reflects a decrease of Rs 8.1 or 2.57%. Today's performance indicates that the stock has underperformed its sector by 2.29%, with an intraday low of Rs 303.55, marking a drop of 3.62%. Despite a strong performance over the past year, where the stock has generated a return of 113.31%, recent financial results have raised concerns. The company reported a significant decline in net sales and profits, with net sales falling by 21.85% and profit after tax dropping by 80.1% in the latest quarter. Additionally, the stock's long-term fundamentals are weak, highlighted by a negative average return on capital employed and a high debt-to-equity ratio, which contribute to its current downward movement.
In the broader market context, while Simplex Infrastructures has outperformed the benchmark Sensex in the past year, its short-term performance has been less favorable. Over the past week, the stock has gained 3.74%, contrasting with a slight decline of 0.09% in the Sensex. However, the recent drop in delivery volume by 67.52% against the 5-day average suggests a decrease in investor interest, which could further pressure the stock price. The overall market sentiment appears cautious due to the company's weak financial indicators, which may be influencing investor behavior and contributing to the stock's current decline.