Why is Vikas Lifecare falling/rising?

As of 28-Aug, Vikas Lifecare Ltd's stock price is currently at 2.23, reflecting a decrease of 0.04 or 1.76%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 3.43% during this period. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company has reported significant operating losses, with a negative EBIT to interest ratio of -0.77, and a low return on equity of 1.43%, which suggests weak profitability. Recent financial results show a 23% decline in net sales and a 56.2% drop in profit after tax compared to previous quarters, further contributing to the stock's downward movement.
In the broader market context, Vikas Lifecare's performance has been notably poor compared to the benchmark, with a year-to-date decline of 47.28% against a 2.48% increase in the Sensex. Over the past three years, the stock has consistently underperformed against the BSE500, highlighting its ongoing struggles. The stock's liquidity remains adequate for trading, but the falling investor participation, as indicated by a decrease in delivery volume, suggests a lack of confidence among investors. Overall, the combination of weak financial performance, negative market sentiment, and consistent underperformance relative to the benchmark has led to the stock's decline.