Why is Vikas Ecotech falling/rising?

As of 29-Jul, Vikas Ecotech Ltd's stock price is currently at 2.29, reflecting a rise of 0.01 or 0.44%. The stock has shown a trend reversal, gaining after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Despite a recent increase in delivery volume by 12.51%, the stock has underperformed significantly over various periods, with a year-to-date decline of 27.99% and a one-year return of -38.61%. The company's financials show positive growth in net sales and profit after tax for the last nine months, but it suffers from weak long-term fundamentals, including a negative CAGR growth in operating profits and low return on equity, which contribute to its overall weak valuation.
In the broader market context, Vikas Ecotech's recent performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 4.09% year-to-date. Over the past week, the stock has declined by 2.97%, while the Sensex fell only 1.03%, indicating a relative weakness in the stock's performance. The consistent underperformance against the benchmark over the last three years further highlights the challenges faced by Vikas Ecotech, as it has not only generated negative returns but has also struggled to maintain profitability, making it a less attractive investment compared to its peers.