Why is Aro Granite Inds falling/rising?

As of 31-Jul, Aro Granite Industries Ltd is experiencing a decline in its stock price, currently at Rs 36.55, which reflects a decrease of Rs 1.18 or 3.13%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 3.18%. Today, it opened with a loss of 4.16% and reached an intraday low of Rs 36.16, while the weighted average price indicates that more volume was traded closer to this low. Over the past week, the stock has decreased by 4.24%, and its year-to-date performance shows a significant drop of 22.48%. The company's 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's performance has been notably worse than the benchmark, with the Sensex only declining by 1.22% over the past week. The stock's long-term performance is also concerning, as it has underperformed the market significantly, with a one-year return of -40.86% compared to the BSE500's -3.20%. This stark contrast indicates that investor sentiment is particularly negative towards Aro Granite, compounded by low profitability metrics such as a return on equity of just 1.78% and a concerning reliance on non-operating income. Overall, the combination of weak financial fundamentals, declining investor participation, and poor market performance contributes to the stock's downward trajectory.