Why is Binani Industrie falling/rising?

As of 20-Jun, Binani Industries Ltd is experiencing a decline in its stock price, currently at 12.90, reflecting a decrease of 0.6 or 4.44%. The stock has underperformed its sector by 4.41% today and has been on a downward trend for the last two days, with a total drop of 7.66% during this period. Over the past week, the stock has seen a significant decline of 8.96%, and its year-to-date performance shows a decrease of 14.00%. The company is trading below all major moving averages, indicating weak momentum. Additionally, despite a rise in delivery volume by 57.01% against the 5-day average, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth metrics, which contribute to its recent price movement.
In the broader market context, Binani Industries has significantly underperformed compared to the benchmark Sensex, which has gained 1.59% over the past week and 5.46% year-to-date. The stock's one-year return of -19.63% starkly contrasts with the market's positive performance, highlighting its struggles. The company's weak fundamentals, including a negative EBITDA and declining net sales, further exacerbate its challenges, making it a risky investment compared to historical valuations. Overall, the combination of poor performance metrics and unfavorable market conditions has led to the stock's current decline.