Why is Triveni Glass falling/rising?

As of 28-Aug, Triveni Glass Ltd is experiencing a decline in its stock price, currently at 13.41, reflecting a decrease of 0.36, or 2.61%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a significant 9.64% drop over the past week. Additionally, it is trading below all key moving averages, indicating a bearish trend. The company's delivery volume has also decreased sharply, falling by 51.75% compared to the five-day average, suggesting reduced investor interest. The stock's long-term fundamentals are weak, characterized by a negative book value, high debt levels, and a consistent decline in net sales and operating profit over the last five years, which further contributes to its recent price movement.
In the broader market context, Triveni Glass has underperformed against the benchmark, with a one-year return of -34.49% compared to the Sensex's -2.08%. This stark contrast highlights the company's struggles relative to the overall market performance. While the stock has shown some positive movement over the past month with a 3.15% increase, the overall trend remains negative, particularly in the short term, where it has significantly lagged behind the benchmark's performance. The consistent underperformance over the last three years further underscores the challenges faced by Triveni Glass, making it a risky investment in the current market environment.