Why is Vikas Ecotech falling/rising?

As of 28-Aug, Vikas Ecotech Ltd's stock price is currently at Rs. 2.08, reflecting a decrease of Rs. 0.02 or 0.95%. The stock has hit a new 52-week low of Rs. 2.07 today and has been on a downward trend, losing 5.88% over the past week and 8.77% over the past month. The stock has consistently underperformed, with a year-to-date decline of 34.59% and a one-year return of -45.41%. The company's weak long-term fundamentals are evident, with a significant drop in operating profits and a low return on equity, which has contributed to its expensive valuation compared to peers. Additionally, falling investor participation is noted, with a 29.75% decrease in delivery volume against the five-day average, indicating reduced interest in the stock.
In the broader market context, Vikas Ecotech's performance has been notably worse than the benchmark, as it has underperformed the Sensex by 3.54% over the past week and 7.77% over the past month. While the Sensex has shown a slight gain of 2.48% year-to-date, Vikas Ecotech's substantial losses highlight its struggles in comparison to the overall market. The company's inability to generate positive returns and its consistent underperformance against the BSE500 over the last three years further emphasize the challenges it faces in attracting investor confidence and improving its market position.