Why is Vivanta Indust. falling/rising?

As of 07-Nov, Vivanta Industries Ltd is experiencing a decline in its stock price, currently at Rs. 2.19, which reflects a decrease of 0.03 or 1.35%. The stock has recently hit a new 52-week low of Rs. 2.1 and has underperformed its sector by 1.23%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock has shown a significant decline in performance over various periods, with a year-to-date return of -40.81% and a one-year return of -42.52%. The company's financial health is concerning, with a high Debt to EBITDA ratio of 6.38 times and negative EBITDA, which contributes to its weak long-term fundamental strength.
In the broader market context, while the Sensex has seen a slight decline of 0.86% over the past week, Vivanta's performance has been notably worse, with a 1.35% drop in the same timeframe. The company's ability to generate returns has been poor, with a return on equity averaging only 4.10%, indicating low profitability. Despite some positive results in net sales and operating profit, the overall sentiment remains negative due to the company's significant operating losses and falling investor participation, as evidenced by a 16.47% drop in delivery volume compared to the 5-day average. This combination of factors has led to a perception of the stock as risky, further contributing to its decline.