Why is Span Divergent falling/rising?

As of 20-Jun, Span Divergent Ltd's stock price is currently at Rs 21.66, reflecting a decline of Rs 1.14 or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.75% during this period. Today's trading saw the stock open with a loss of 5%, and it has traded within a wide range, reaching a high of Rs 23.9 and a low of Rs 21.66. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, the company's negative book value and poor long-term growth metrics, including a significant decline in net sales and profits, contribute to its weak performance. The high debt levels and negative EBITDA further exacerbate investor concerns, leading to decreased participation in trading.
In the broader market context, Span Divergent's performance has been notably poor compared to the benchmark Sensex, which has gained 1.59% over the past week while the stock has dropped 9.67%. This stark contrast highlights the stock's struggles, as it has underperformed the benchmark significantly over various time frames, including a year-to-date decline of 37.81% against a 5.46% increase in the Sensex. The overall market sentiment appears to favor stronger stocks, leaving Span Divergent vulnerable to continued selling pressure as investors seek more stable opportunities.