Why is Vikas Ecotech falling/rising?

As of 01-Aug, Vikas Ecotech Ltd's stock price is currently at Rs 2.23, reflecting a decrease of Rs 0.01 or 0.45%. The stock has been experiencing a downward trend, having fallen consecutively for the last two days with a total decline of 2.62%. Over the past week, the stock has underperformed significantly, with a return of -4.29%, and it has also shown a substantial decline of -11.86% over the past month. Despite a recent increase in investor participation, with delivery volume rising by 108.35%, the stock remains below its moving averages across various time frames. The company has reported positive sales growth, but it struggles with weak long-term fundamentals, including a negative CAGR growth in operating profits and a low return on equity, which contribute to its current price movement.
In the broader market context, Vikas Ecotech's performance has been notably poor compared to the benchmark, with a year-to-date return of -29.87% against a positive return of +3.15% for the Sensex. This consistent underperformance over the last three years, coupled with a significant decline of -44.67% in the past year, highlights the challenges the company faces in attracting investor confidence. The stock's valuation appears expensive relative to its low profitability, which further dampens its appeal in the market. Overall, the combination of weak fundamentals and underperformance against the benchmark suggests that the stock's price decline is influenced by both company-specific issues and broader market dynamics.