Why is Atlas Cycles falling/rising?

As of 18-Aug, Atlas Cycles (Haryana) Ltd is experiencing a decline in its stock price, currently at Rs 115.50, which reflects a decrease of Rs 1.95 or 1.66%. The stock has underperformed its sector by 2.08% today and has been on a consecutive downward trend for the last two days, with a total decline of 3.35% during this period. It opened with a loss of 4.64% and reached an intraday low of Rs 111.6, indicating significant selling pressure. The company has reported operating losses, with a weak ability to service its debt, highlighted by a poor EBIT to Interest ratio of -11.98. Additionally, the latest financial results show a substantial drop in profit after tax, which has fallen by 243.5%, contributing to a negative sentiment around the stock.
In the broader market context, Atlas Cycles has underperformed compared to the Sensex, which has gained 0.83% over the past week while the stock has dropped by 8.91%. Year-to-date, however, the stock has shown a strong performance with a gain of 58.44%, contrasting with the Sensex's 4.01% increase. Despite rising investor participation, as indicated by a 47.64% increase in delivery volume, the overall market sentiment remains cautious due to the company's weak long-term fundamentals and negative operating profits, making the stock appear risky compared to its historical valuations.