Why is Triveni Glass falling/rising?

As of 16-Jul, Triveni Glass Ltd is experiencing a decline in its stock price, currently at 13.53, reflecting a decrease of 0.17 or 1.24%. The stock has underperformed its sector by 1.85% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 4.38% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Over the past year, Triveni Glass has generated a return of -36.33%, significantly underperforming against the benchmark BSE500, which has seen a modest increase of 2.38%. The company's negative book value and weak long-term fundamentals, including a drastic decline in net sales and operating profit, further contribute to the stock's poor performance.
In the broader market context, Triveni Glass's short-term performance has been notably worse than the benchmark, as it has fallen by 5.85% over the past week compared to a decline of only 1.08% in the Sensex. This consistent underperformance highlights the company's struggles, particularly in light of its high debt levels and negative EBITDA, which make it a risky investment. The falling investor participation, evidenced by a significant drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's decline. Overall, the combination of weak financial metrics and negative market sentiment has led to the current downward trajectory of Triveni Glass's stock price.