Why is Vikas Lifecare falling/rising?

As of 24-Sep, Vikas Lifecare Ltd is currently priced at 2.24, showing no change (0.00%). The stock has underperformed its sector today by 1.3%, and it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has decreased by 0.44%, and it has seen a significant decline of 47.04% year-to-date. The company has reported operating losses, a weak ability to service its debt, and a low return on equity, which indicates poor profitability. Additionally, the recent financial results have shown a substantial drop in net sales and a negative profit after tax, contributing to the stock's downward trend.
In the broader market context, Vikas Lifecare's performance has been notably weaker compared to the Sensex, which has gained 4.58% year-to-date. The stock has underperformed the benchmark over various periods, including a 48.97% decline in the last year, while the Sensex has only decreased by 3.77%. Despite a rise in investor participation, as indicated by a 38.2% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and poor financial performance. This combination of factors suggests a challenging environment for Vikas Lifecare, leading to its continued decline in stock price.