Why is Binani Industrie falling/rising?

As of 24-Jun, Binani Industries Ltd is experiencing a decline in its stock price, currently at 12.30, reflecting a decrease of 0.35 or 2.77%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 11.95% during this period. Over the past week, the stock has decreased by 10.02%, and its performance over the last month shows a substantial drop of 21.66%. The company is trading below all major moving averages, indicating a bearish trend. Additionally, despite a rise in delivery volume by 79.73% against the five-day average, the stock's negative book value and weak long-term fundamentals, including a high debt-to-equity ratio and declining net sales, contribute to its downward movement.
In the broader market context, Binani Industries has significantly underperformed compared to the benchmark Sensex, which has gained 0.58% over the past week. The stock's year-to-date performance shows a decline of 18.00%, while the Sensex has increased by 5.01% during the same period. This stark contrast highlights the stock's struggles in a generally positive market environment. Furthermore, the company's negative EBITDA and poor long-term growth prospects, with a return of -23.12% over the past year against the market's positive returns, underscore the challenges it faces, leading to investor caution and contributing to the stock's decline.