Why is Vineet Laborator falling/rising?

As of 04-Jul, Vineet Laboratories Ltd is experiencing a decline in its stock price, currently at Rs 32.06, which represents a decrease of Rs 1.29 or 3.87%. The stock has been underperforming, having fallen for the last two consecutive days with a total decline of 5.71%. Today's performance indicates that it has underperformed its sector by 4.38%, and it reached an intraday low of Rs 32.05. Over the past week, the stock has shown a positive return of 4.46%, but it has significantly underperformed the benchmark over the longer term, with a year-to-date return of -48.58%. The company has declared negative results for the last four consecutive quarters, with substantial operating losses and a weak ability to service its debt, contributing to its recent price decline.
In the broader market context, while the Sensex has shown a positive return of 3.01% over the past month, Vineet Laboratories has only managed a modest gain of 1.78% during the same period. This consistent underperformance against the benchmark, coupled with a significant drop in investor participation and liquidity issues, highlights the stock's riskiness. The company’s weak fundamentals, including a negative EBITDA and a poor return on equity, further exacerbate investor concerns, leading to a lack of confidence in the stock's future performance.