Why is Binani Industrie falling/rising?

As of 26-Jun, Binani Industries Ltd is experiencing a decline in its stock price, currently at 11.54, reflecting a decrease of -0.33 or -2.78%. The stock has been underperforming significantly, having fallen for six consecutive days with a total decline of -17.39% during this period. Additionally, it has underperformed the sector by -4.43% today. Over the past week, the stock has decreased by -14.52%, and on a year-to-date basis, it has dropped -23.07%. The company is trading below all key moving averages, indicating a bearish trend. The negative factors impacting the stock include a weak long-term fundamental strength due to a negative book value, high debt levels, and poor growth metrics, such as a -39.70% annual rate of net sales growth over the last five years.
In the broader market context, while the BSE Sensex has shown positive returns of +2.94% over the past week and +7.19% year-to-date, Binani Industries has significantly lagged behind, highlighting its struggles in comparison to the overall market performance. The stock's negative returns of -26.87% over the past year further emphasize its underperformance relative to the market, which has generated returns of +4.11% during the same period. This stark contrast suggests that investor sentiment towards Binani Industries is currently negative, compounded by its weak financial indicators and declining stock performance.