Why is Sprayking Ltd falling/rising?

As of 10-Jul, Sprayking Ltd's stock price is currently at 5.85, reflecting a decrease of 0.04 or 0.68%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 2.82% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has significantly underperformed the market, with a staggering return of -69.22%, while its profits have also declined by 3%. Despite a relatively attractive valuation indicated by a ROCE of 9.1 and a discount compared to peers, the high Debt to EBITDA ratio of 5.06 times raises concerns about the company's ability to service its debt, contributing to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, contrasting with Sprayking Ltd's more pronounced drop of 2.66% in the same timeframe. While the stock has seen a rise in investor participation, as evidenced by a 45.4% increase in delivery volume, this has not translated into positive price movement. The stock's long-term fundamental weaknesses, including a low average return on capital employed and significant underperformance relative to the broader market, further exacerbate the negative outlook for Sprayking Ltd.