Why is Vikas Lifecare falling/rising?

As of 10-Sep, Vikas Lifecare Ltd is currently priced at 2.22, reflecting a decrease of 0.01 or 0.45%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 1.77% during this period. Additionally, it has underperformed its sector by 1.52%. The stock is trading below all its moving averages, indicating a bearish trend. Over the past year, Vikas Lifecare has experienced a significant decline of 53.75%, and its financial health is concerning, with operating losses and a weak ability to service debt. The company has reported negative results, including a 23% drop in net sales and a 56.2% decline in profit after tax compared to previous quarters, contributing to its recent price movement.
In the broader market context, Vikas Lifecare's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -2.20% against a positive return of 1.06% for the Sensex. This consistent underperformance over the last three years, coupled with a significant drop in profitability and negative EBITDA, further exacerbates investor concerns. While there has been a rise in delivery volume, indicating some investor interest, the overall sentiment remains negative due to the company's weak long-term fundamentals and ongoing operational challenges.