Why is Suumaya Indust. falling/rising?

As of 06-Oct, Suumaya Industries Ltd is experiencing a decline in its stock price, currently at Rs. 1.82, which represents a decrease of 0.1 or 5.21%. The stock has hit a new 52-week and all-time low today, and it has underperformed its sector by 4.65%. Over the past week, the stock has dropped by 5.21%, and its performance over the last month shows a significant decline of 10.78%. The company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Negative financial results reported for June 2024 indicate a net profit decline of 210.58% and a staggering 94.92% drop in net sales, contributing to the stock's recent downward movement.
In the broader market context, while the Sensex has increased by 1.80% over the past week, Suumaya Industries has consistently underperformed against this benchmark, with a staggering 63.53% decline over the past year compared to a mere 0.25% increase in the Sensex. This consistent underperformance over the last three years, coupled with the stock trading below all its moving averages, highlights its risky nature and lack of liquidity, further exacerbating investor concerns. The overall market sentiment appears to favor more stable investments, leaving Suumaya Industries struggling to attract buyers amidst its ongoing financial difficulties.