Why is Sparc Electrex falling/rising?

As of 15-Jul, Sparc Electrex Ltd's stock price is currently at 7.24, reflecting a decrease of 0.14, or 1.9%. The stock has been on a downward trend, having underperformed its sector by 0.46% today and experiencing a consecutive decline over the last six days, resulting in a total drop of 9.73% during this period. Additionally, the stock has shown poor performance over the past year, with a staggering decline of 62.58%. The company is facing significant challenges, including operating losses and a high Debt to EBITDA ratio of -1.00 times, indicating a low ability to service its debt. The negative financial indicators, such as the lowest recorded Return on Capital Employed (ROCE) at -7.74% and a negative EBITDA, further contribute to the stock's weak long-term fundamental strength.
In the broader market context, Sparc Electrex's recent performance contrasts sharply with the benchmark, as it has declined by 9.16% over the past week while the Sensex has only fallen by 1.36%. This underperformance is compounded by a significant drop in investor participation, with delivery volume decreasing by 62.4% against the five-day average. The stock's liquidity remains adequate for trading, but the overall sentiment is negative due to the company's inability to generate positive returns and the substantial losses reported. The combination of these factors indicates a challenging environment for Sparc Electrex, leading to its current decline in stock price.