Why is Toyam Sports falling/rising?

As of 24-Jun, Toyam Sports Ltd is experiencing a decline in its stock price, currently at 1.29, which reflects a decrease of 0.01 or 0.77%. The stock has underperformed its sector by 1.69% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has seen a return of -1.53%, and it has significantly underperformed the benchmark, with a year-to-date decline of 46.69% compared to a 5.01% increase in the Sensex. The company is facing operating losses, with net sales declining at an annual rate of 16.01%, and it has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA), indicating weak long-term fundamental strength.
In the broader market context, while Toyam Sports has seen a rise in investor participation with a delivery volume increase of 11.53% against the 5-day average, this has not translated into positive stock performance. The stock's consistent underperformance against the benchmark over the last three years, coupled with a significant drop in returns of 61.72% over the past year, highlights its ongoing struggles. The negative sentiment surrounding the stock is further exacerbated by its poor financial results, including the lowest quarterly earnings reported. Overall, the combination of weak fundamentals and a lack of investor confidence contributes to the stock's downward trajectory.