Why is Bihar Sponge falling/rising?

As of 22-Aug, Bihar Sponge Iron Ltd's stock price is currently at 14.10, reflecting a decrease of 0.3, or 2.08%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.42%. Additionally, it has underperformed its sector by 0.88% today. The stock's performance over the past week shows a decline of 4.21%, and it has experienced a significant drop of 38.08% over the past year, indicating a weak long-term growth outlook. The company is facing challenges such as a negative book value, high debt levels, and a negative EBITDA, which contribute to its weak fundamental strength and increased risk perception among investors. Furthermore, over half of the promoter shares are pledged, adding downward pressure on the stock price in a falling market. In the broader market context, while the Sensex has shown a slight gain of 0.88% over the past week, Bihar Sponge Iron Ltd has significantly lagged behind with its 1-week return. The stock's performance has been notably poor compared to the benchmark, with a year-to-date decline of 15.32% against the Sensex's gain of 4.05%. This stark contrast highlights the stock's struggles in a generally improving market environment, further exacerbated by its negative financial indicators and declining investor participation, as evidenced by a 60.04% drop in delivery volume compared to the 5-day average.