Why is Vikas Proppant falling/rising?

As of 13-Aug, Vikas Proppant & Granite Ltd is experiencing a decline in its stock price, currently at Rs 0.36, which represents a decrease of Rs 0.01 or 2.7%. The stock has underperformed significantly, with a 1-week return of -7.69% and a year-to-date return of -26.53%. It is currently trading close to its 52-week low, just 2.78% above Rs 0.35. The stock is also trading below all its moving averages, indicating a bearish trend. Additionally, the company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. The high Debt to EBITDA ratio of 10.88 times and a low Return on Equity of 4.69% further signify weak profitability and a low ability to service debt, contributing to the stock's negative performance. In the broader market context, the Sensex has shown a marginal decline of only 0.01% over the past week, contrasting sharply with Vikas Proppant's significant drop. While the chemicals sector has gained by 2.06%, Vikas Proppant has underperformed its sector by 4.68%, highlighting its struggles relative to industry peers. The stock's performance over the past year, with a return of -28.00%, is particularly concerning, especially given that profits have plummeted by 391%. This combination of poor financial results, high debt levels, and underperformance compared to both the sector and the benchmark indicates a challenging environment for Vikas Proppant, leading to its current downward price movement.