Why is Toyam Sports falling/rising?

As of 13-Aug, Toyam Sports Ltd is experiencing a decline in its stock price, currently at Rs. 1.03, which reflects a decrease of Rs. 0.03 or 2.83%. The stock has hit a new 52-week low of Rs. 1.01 today and has been underperforming, with a consecutive fall over the last three days resulting in a total decline of 14.88%. Additionally, the stock has shown significant underperformance against the benchmark, with returns of -67.91% over the past year compared to a positive 2.01% for the Sensex. The company's financial health is concerning, as it has reported operating losses and negative EBITDA, indicating weak long-term fundamental strength. The operating profit has decreased at an alarming annual rate of -281.83%, contributing to the stock's downward trend.
In the broader market context, Toyam Sports' performance has been notably poor compared to the benchmark indices, with a staggering -90.52% return over the last three years against a 35.45% gain for the Sensex. While there has been a rise in investor participation, as evidenced by a 41.41% increase in delivery volume, this has not translated into positive price movement. The stock's liquidity remains adequate for trading, but the consistent underperformance and negative financial indicators suggest that investor sentiment is likely to remain bearish. Overall, the combination of poor financial results, significant losses, and a lack of positive momentum in comparison to the market has led to the stock's decline.