Why is Vikas Ecotech falling/rising?

As of 02-Sep, Vikas Ecotech Ltd's stock price is currently at Rs. 2.09, reflecting a slight increase of 0.01 or 0.48%. Despite this minor uptick, the stock has been underperforming significantly, with a new 52-week low of Rs. 2.03 reached today. The stock has consistently traded below its moving averages across various time frames, indicating a bearish trend. Additionally, the delivery volume has decreased by 16.62% compared to the 5-day average, suggesting a decline in investor participation. The company's long-term fundamentals are weak, evidenced by a -38.76% CAGR growth in operating profits over the last five years and a low return on equity of 5.63%, which indicates poor profitability relative to shareholders' funds.
In the broader market context, Vikas Ecotech's performance has been notably worse than the benchmark, with a 1-week return of -0.48% compared to the Sensex's -0.78%. Over the past year, the stock has generated a return of -45.14%, while the benchmark has only declined by 2.91%. This consistent underperformance against the BSE500 and the overall market highlights the challenges the company faces, including weak debt servicing ability and flat profit growth. The stock's valuation appears expensive relative to its low profitability, further contributing to its struggles in attracting investor interest.