Why is Vikas Ecotech falling/rising?

As of 24-Jul, Vikas Ecotech Ltd is currently priced at 2.35, showing no change (0.00%). The stock has been trading lower than its moving averages across various time frames, indicating a bearish trend. In the past week, the stock has decreased by 2.08%, and over the last month, it has fallen by 4.86%. Year-to-date, the stock has experienced a significant decline of 26.10%, and over the past year, it has dropped by 37.00%. Despite some positive financial results, such as a 37.66% growth in net sales and a 24.53% increase in profit after tax for the nine-month period ending March 25, the company faces challenges with weak long-term fundamental strength, including a negative CAGR growth in operating profits and a low return on equity. These factors contribute to the stock's underperformance and suggest a lack of investor confidence.
In the broader market context, Vikas Ecotech's performance has been notably poor compared to the benchmark, with the Sensex showing a slight increase of 0.16% over the past month and a 5.18% rise year-to-date. The stock has consistently underperformed against the benchmark over the last three years, which has likely influenced investor sentiment negatively. Although there has been a slight increase in delivery volume, indicating some rising investor participation, the overall liquidity remains low, and the stock's valuation appears expensive relative to its fundamentals. This combination of factors suggests that the stock's price is not likely to rise significantly in the near term.