Why is Sprayking Ltd falling/rising?

As of 18-Jul, Sprayking Ltd's stock price is currently at Rs 5.39, reflecting a decrease of Rs 0.11 or 2.0%. The stock has been on a downward trend, having lost 10.3% over the last nine days and is trading below all its moving averages. Additionally, it is close to its 52-week low, being only 2.78% away from Rs 5.25. Over the past year, the stock has significantly underperformed, with a return of -71.42%, while its profits have declined by 3%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 9.1 and a high Debt to EBITDA ratio of 5.06, contribute to its negative performance.
In the broader market context, Sprayking Ltd's recent performance contrasts sharply with the benchmark, as it has fallen 15.65% over the past month while the Sensex has increased by 0.38%. This underperformance is further emphasized by the stock's significant drop in investor participation, with delivery volume decreasing by 9.84% against the five-day average. Despite trading at a discount compared to its peers, the stock's weak fundamentals and substantial losses over the past year indicate a lack of confidence among investors, leading to its current decline.