Why is Sparc Electrex falling/rising?

As of 10-Jul, Sparc Electrex Ltd is experiencing a decline in its stock price, currently at 7.68, which reflects a decrease of 0.15 or 1.92%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.24% during this period. Additionally, the stock's performance over the past week shows a decrease of 2.66%, while its one-year return is significantly negative at -61.07%. The company is facing operational challenges, indicated by a high Debt to EBITDA ratio and negative EBITDA, which contribute to its weak long-term fundamental strength. The majority of shareholders are non-institutional, which may also affect investor confidence.
In the broader market context, the Sensex has shown a minimal decline of 0.06% over the past week, contrasting with Sparc Electrex's more substantial drop. The stock's recent performance has been notably poor compared to the benchmark, particularly over the last three years, where it has underperformed significantly. The company's liquidity appears adequate for trading, but the falling investor participation, with a delivery volume decrease of 88.95%, suggests waning interest among investors. Overall, the combination of operational losses, low profitability, and negative market sentiment is contributing to the stock's downward trajectory.