Why is Vivid Mercantile falling/rising?

As of 10-Jul, Vivid Mercantile Ltd's stock price is currently at 6.80, reflecting a decrease of 0.15, or 2.16%. The stock has underperformed its sector today by 2.63% and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 2.02%, while it has shown a year-to-date increase of 12.21%. However, the company has not declared results in the last six months, indicating weak long-term fundamental strength, and its ability to service debt is concerning, as evidenced by a negative EBIT to Interest ratio. Additionally, the recent negative financial results, including a significant drop in net sales and profit after tax, further contribute to the stock's downward movement. The reduction in promoter stake by 2.5% also signals a lack of confidence in the company's future prospects.
In the broader market context, Vivid Mercantile's short-term performance has been notably weaker than the benchmark Sensex, which has only seen a slight decline of 0.06% over the same week. While the stock has generated a positive return of 8.28% over the past year, its recent struggles, including poor quarterly results and decreasing promoter confidence, have overshadowed its longer-term gains. The stock's performance relative to the benchmark indicates that investor sentiment is currently negative, contributing to the ongoing decline in its price.