Why is Starcom Info. falling/rising?

As of 16-Jul, Starcom Information Technology Ltd is experiencing a decline in its stock price, currently at Rs 54.27, reflecting a decrease of Rs 2.73 or 4.79%. The stock has underperformed its sector by 5.26% today, with trading characterized by erratic patterns, as it did not trade on one day out of the last 20. The stock touched an intraday low of Rs 54.25 and is trading below all key moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -18.33%, significantly underperforming the benchmark, which has shown a positive return of 2.38%. The company's negative book value and weak long-term fundamentals, highlighted by a -25.97% annual growth in net sales and a staggering -233.05% in operating profit over the last five years, contribute to the stock's downward pressure. Additionally, the reduction in promoter stake by 9.21% signals a lack of confidence in the company's future prospects.
In the broader market context, the stock's performance over the last week shows a decline of 1.31%, while the benchmark Sensex has only decreased by 1.08%. This consistent underperformance against the benchmark over the last three years, coupled with high debt levels and negative EBITDA, positions Starcom Information Technology Ltd as a risky investment. The recent increase in delivery volume, which rose by 646.35% against the five-day average, suggests some investor interest, but the overall sentiment remains negative due to the company's financial struggles and the declining confidence from its promoters.