Why is Aro Granite Inds falling/rising?

As of 28-Jul, Aro Granite Industries Ltd is currently priced at 37.22, reflecting an increase of 0.7 or 1.92%. Despite this uptick, the stock has shown a negative performance over the past week and month, with declines of 3.60% and 5.17%, respectively. The stock has recently experienced a trend reversal, gaining after two consecutive days of decline. However, it is trading below its moving averages across various timeframes, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 32.45% compared to the five-day average. The company's long-term fundamentals are weak, highlighted by a staggering -185.45% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 10.75 times, which raises concerns about its ability to service debt.
In the broader market context, Aro Granite Industries has underperformed significantly compared to the Sensex, with a year-to-date return of -21.06% against the benchmark's positive return of 3.52%. Over the past year, while the BSE500 index has seen a decline of only -2.52%, Aro Granite's stock has plummeted by -38.49%, indicating a substantial divergence from market trends. This underperformance, coupled with negative operating profits and low profitability metrics, suggests a challenging environment for the stock, further exacerbated by the lack of institutional support among its majority shareholders.