Why is Vikas Ecotech falling/rising?

As of 28-Jul, Vikas Ecotech Ltd's stock price is currently at 2.28, reflecting a decrease of 0.05 or 2.15%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.13%. It is trading below all its moving averages, indicating a bearish trend. The stock has also shown significant underperformance over various periods, with a year-to-date decline of 28.30% and a staggering 39.36% drop over the past year. While there were positive results in net sales and profit after tax for the last nine months, the company's long-term fundamentals are weak, highlighted by a negative CAGR growth in operating profits and low return on equity, which contribute to its recent price movement.
In the broader market context, Vikas Ecotech's short-term performance has been notably worse than the benchmark, with a 5.00% decline over the past week compared to the Sensex's 1.59% drop. This consistent underperformance against the benchmark over the last three years further emphasizes the stock's struggles. Additionally, a significant decrease in investor participation, with a 41.07% drop in delivery volume, suggests waning interest among investors. The liquidity of the stock remains adequate for trading, but the overall sentiment appears negative, contributing to the stock's decline.