Why is Simplex Infra falling/rising?

As of 26-Aug, Simplex Infrastructures Ltd is experiencing a decline in its stock price, currently at Rs 293.50, which reflects a decrease of Rs 19.25 or 6.16%. Today's price summary indicates that the stock opened significantly lower, with an initial loss of 8.54%, and reached an intraday low of Rs 286.05. The stock has underperformed its sector by 4.35% today, and there has been a notable drop in investor participation, with delivery volume falling by 77.92% compared to the 5-day average. Although the stock has shown strong long-term performance with an 87.78% return over the past year, it faces challenges such as weak long-term fundamentals, including a negative growth rate in net sales and high debt levels. The company has also reported negative results for the last three consecutive quarters, contributing to its current price decline.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has gained 3.27% over the past week while the Sensex has decreased by 1.05%. However, the stock's year-to-date performance shows a decline of 2.17%, while the Sensex has increased by 3.39%. This indicates that despite some recent gains, Simplex Infrastructures Ltd is struggling to maintain momentum in the face of broader market trends and its own financial challenges, leading to its current downward price movement.