Why is Sprayking Ltd falling/rising?

As of 17-Jul, Sprayking Ltd's stock price is currently at Rs. 5.50, reflecting a decrease of Rs. 0.01 or 0.18%. The stock has been on a downward trend, having fallen for the last eight consecutive days, resulting in a total decline of 8.64%. Additionally, it has underperformed its sector by 1.74% today. Over the past year, the stock has generated a staggering return of -71.43%, significantly underperforming the benchmark Sensex, which has seen a modest gain of 1.91%. The stock also hit a new 52-week low of Rs. 5.25 today. Factors contributing to this decline include a weak long-term fundamental strength, indicated by a low Return on Capital Employed (ROCE) of 9.07% and a high Debt to EBITDA ratio of 5.06 times. Furthermore, the company's profits have decreased by 3% over the past year, and a significant portion of its profit before tax is derived from non-operating income.
In the broader market context, the stock's performance has been notably poor compared to the benchmark. While the Sensex has gained 0.83% over the past month, Sprayking Ltd has experienced a decline of 14.46% in the same period. This stark contrast highlights the stock's struggles in attracting investor interest, as evidenced by a 33.56% drop in delivery volume compared to the five-day average. The liquidity of the stock remains adequate for trading, but the overall sentiment appears negative, leading to a lack of confidence among investors.