Why is Span Divergent falling/rising?

As of 23-Jul, Span Divergent Ltd's stock price is currently at Rs 21.85, reflecting a decline of Rs 1.15 or 5.0%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 7.45% during this period. It opened with a loss of 4.35% today and touched an intraday low of Rs 21.85. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company's negative book value and weak long-term fundamentals, characterized by a decline in net sales and high debt levels, further contribute to the stock's downward movement. The recent negative financial results, including a significant drop in net sales and profits, have heightened concerns among investors, leading to a drastic fall in delivery volume by 95.87% against the 5-day average.
In the broader market context, Span Divergent's short-term performance has been notably poor compared to the benchmark Sensex, which has seen a slight increase of 0.11% over the past week while Span Divergent has gained only 1.91%. The stock's year-to-date performance shows a substantial decline of 37.27%, contrasting sharply with the Sensex's gain of 5.87%. This underperformance in both short-term and long-term metrics, combined with a lack of investor confidence and liquidity issues, positions Span Divergent as a risky investment, contributing to its current price decline.