Why is SSPDL Ltd falling/rising?

As of 22-Sep, SSPDL Ltd is experiencing a decline in its stock price, currently at Rs 17.05, which reflects a decrease of Rs 1.45 or 7.84%. The stock has underperformed its sector by 7.77% today, opening with a significant loss of 5.41%. Throughout the day, it has shown high volatility, trading within a wide range of Rs 2.09, with a day’s low of Rs 17, marking an 8.11% drop. Over the past week, the stock has decreased by 1.50%, and its performance over the last month shows a decline of 11.20%. The company's financial health is concerning, with a high debt-to-equity ratio of 21.2 times and a negative EBITDA, indicating weak long-term fundamentals. Additionally, the company has reported poor growth in net sales and operating profit, with a recent PAT of Rs -1.57 crore, down 51.0%.
In the broader market context, the Sensex has shown a positive return of 0.46% over the past week, contrasting sharply with SSPDL Ltd's performance. While the benchmark has gained 1.05% over the last month, SSPDL Ltd has faced a significant downturn, highlighting its underperformance relative to the market. The stock's long-term performance is also troubling, with a return of -18.73% over the past year, which is worse than the BSE500 index. This consistent underperformance, coupled with falling investor participation and liquidity issues, suggests that the stock is not only struggling in the short term but also lacks the fundamentals to recover in the near future.