Why is Sprayking Ltd falling/rising?

As of 16-Jul, Sprayking Ltd's stock price is currently at Rs 5.51, reflecting a decrease of Rs 0.01 or 0.18%. The stock has been on a downward trend, having fallen consecutively for the last seven days, resulting in an overall decline of 8.47% during this period. Additionally, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock is also close to its 52-week low, just 2.72% above Rs 5.36. Despite a significant rise in delivery volume, which increased by 321.23% against the 5-day average, the stock has underperformed its sector by 1.49%. Over the past year, Sprayking Ltd has generated a staggering return of -71.38%, while its profits have decreased by 3%. The company’s weak long-term fundamentals, indicated by a low Return on Capital Employed (ROCE) of 9.07% and a high Debt to EBITDA ratio of 5.06 times, further contribute to the negative sentiment surrounding the stock.
In the broader market context, Sprayking Ltd's performance has significantly lagged behind the benchmark, with a one-year return of -71.38% compared to the BSE500's positive return of 0.47%. In the short term, the stock has also underperformed the Sensex, which has only declined by 1.08% over the past week. This stark contrast highlights the challenges faced by Sprayking Ltd, as it struggles with weak fundamentals and a lack of investor confidence, leading to its continued decline in stock price.