Why is AKI India falling/rising?

As of 01-Sep, AKI India Ltd's stock price is currently at 8.97, reflecting a decrease of 0.18, or 1.97%. The stock has underperformed its sector by 2.15% today and has been on a downward trend, losing 3.96% over the last two days. It is trading below all key moving averages, indicating a bearish sentiment. The stock's performance over the past week shows a decline of 3.55%, and it has significantly underperformed the benchmark Sensex, which fell only 1.56%. The company's fundamentals are weak, highlighted by an operating loss and a high Debt to EBITDA ratio of 7.50 times, which raises concerns about its ability to service debt. Additionally, the stock has seen a drastic drop in delivery volume, falling by 81.95% compared to its five-day average, suggesting a lack of investor interest.
Broader Market Context: In the context of the broader market, AKI India Ltd's performance has been notably poor, with a year-to-date decline of 29.31%, while the Sensex has gained 2.85% during the same period. Over the past year, the stock has plummeted by 57.81%, significantly worse than the market's overall negative return of 4.75%. The decline in institutional investor participation, with a decrease of 0.51% in their stakes, further reflects a lack of confidence in the company's prospects. This combination of weak financial performance, declining investor interest, and poor relative performance against the benchmark indicates that the stock is facing significant challenges, contributing to its current downward trajectory.