Why is Vikas Ecotech falling/rising?

As of 22-Jul, Vikas Ecotech Ltd's stock price is currently at 2.36, reflecting a decrease of 0.04 or 1.67%. The stock has underperformed its sector by 1.42% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.67%, and it has shown a significant drop of 35.69% over the past year. While there were positive results reported for net sales and profit after tax growth in the last nine months, the company faces challenges such as weak long-term fundamental strength, a negative compound annual growth rate in operating profits, and a low return on equity, which contribute to its current price decline.
In the broader market context, Vikas Ecotech's recent performance has been notably weaker than the benchmark, with a 1-week decline of 1.67% compared to the Sensex's 0.47% drop. The stock has consistently underperformed against the benchmark over the last three years, indicating a lack of investor confidence. Despite a rise in delivery volume, which suggests increased investor participation, the overall sentiment remains negative due to the company's weak financial fundamentals and inability to generate significant returns, leading to its current downward price movement.