Why is Sprayking Ltd falling/rising?

As of 24-Oct, Sprayking Ltd's stock price is currently at 2.04, reflecting a decrease of 0.03 or 1.45%. The stock has been on a downward trend, having underperformed its sector by 2.42% today and experiencing a consecutive fall over the last four days, resulting in a significant 10.92% decline over the past week. Although the stock has shown some positive financial metrics, such as a 56.3% increase in profits over the past year and a very attractive valuation with a low PEG ratio of 0.1, it has still generated a staggering -68.62% return over the last year. The company also faces challenges with a high Debt to EBITDA ratio of 5.06 times, indicating low profitability per unit of total capital, which contributes to the stock's negative performance.
In the broader market context, the Sensex has shown a slight gain of 0.31% over the past week, contrasting sharply with Sprayking Ltd's significant decline. This underperformance is further highlighted by the stock's negative returns over various periods, including a -62.22% year-to-date return compared to a 7.77% gain in the benchmark. The stock's liquidity appears adequate for trading, but the falling investor participation, evidenced by a 53.57% drop in delivery volume, suggests waning interest among investors, which may be contributing to the stock's recent price decline. Overall, the combination of weak long-term fundamentals and poor short-term performance relative to the market is driving the stock's downward movement.