Why is Zenlabs Ethica falling/rising?

As of 18-Aug, Zenlabs Ethica Ltd is experiencing a decline in its stock price, currently at 31.11, reflecting a decrease of 0.87 or 2.72%. The stock has underperformed its sector by 4.97% today and has seen a trend reversal after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has dropped by 1.86%, and its year-to-date performance shows a significant decline of 21.24%. The company's fundamentals are weak, with a low return on equity of 7.31% and negative growth in net sales, which has contributed to its poor performance. Additionally, recent financial results have shown the lowest net sales and profits, further impacting investor confidence.
In the broader market context, the finance/NBFC sector has gained by 2.31%, contrasting sharply with Zenlabs Ethica's performance. The stock's consistent underperformance against the benchmark is evident, as it has generated negative returns over the past year and three years, while the benchmark has shown positive growth. The falling investor participation, with a significant drop in delivery volume, suggests a lack of interest from investors, which may be exacerbating the stock's decline. Overall, the combination of weak fundamentals, poor recent performance, and negative market sentiment has led to the stock's downward trajectory.