Why is AI Champ.Inds. falling/rising?

As of 02-Jul, AI Champdany Industries Ltd is experiencing a decline in its stock price, currently at Rs 53.70, which represents a decrease of Rs 4.9 or 8.36%. Today's price summary indicates that the stock opened with a gain of 7% but has since fallen, touching an intraday low of Rs 53, reflecting high volatility with a wide trading range of Rs 9.7. Despite a strong performance over the past week and month, where the stock gained 19.52% and 20.00% respectively, it has underperformed its sector today by 7.01%. The company's financial health is concerning, as it has reported operating losses and poor long-term growth, with net sales declining at an annual rate of -6.42% and a high debt to EBITDA ratio, indicating a low ability to service debt. Negative results in June, including a significant fall in profit before tax and profit after tax, further contribute to the stock's downward pressure.
In the broader market context, while AI Champdany Industries Ltd has shown strong returns over the past three years at 186.40% and five years at 667.14%, its year-to-date performance is negative at -7.41%, contrasting with the Sensex's positive return of 6.75% during the same period. The stock's recent volatility and negative financial indicators suggest that investor sentiment is cautious, especially given the company's weak fundamentals and the recent negative earnings report. This combination of factors has likely influenced the stock's current decline, despite some short-term gains earlier in the trading session.