Why is Bhilwara Tech falling/rising?

As of 21-Aug, Bhilwara Technical Textiles Ltd is experiencing a decline in its stock price, currently at Rs 48.22, which represents a decrease of Rs 1.54 or 3.09%. Today's price summary indicates that the stock has underperformed its sector by 2.9% and has fallen after two consecutive days of gains, reaching an intraday low of Rs 48.22. The stock's performance over the past week shows a slight decline of 0.33%, while it has significantly underperformed over the past month with a drop of 18.96%. The company has reported negative results for the last three consecutive quarters, with a notable decrease in profitability and a weak ability to service its debt, contributing to its current stock price decline.
In the broader market context, the Sensex has increased by 1.74% over the past week, contrasting sharply with Bhilwara Technical Textiles' recent performance. The stock has underperformed the market significantly over the past year, with a return of -24.66% compared to the BSE500's decline of only -1.56%. This stark difference highlights the company's struggles, including operating losses and a negative EBITDA, which have led to a perception of high risk among investors. The falling investor participation, as indicated by a decrease in delivery volume, further suggests a lack of confidence in the stock's future performance.