Why is Binani Industrie falling/rising?

As of 27-Jun, Binani Industries Ltd is experiencing a decline in its stock price, currently at 11.25, which reflects a decrease of 0.29 or 2.51%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 19.47% during this period. Additionally, it has underperformed the sector by 4.18% today. Over the past week, the stock has decreased by 12.79%, and over the past month, it has dropped by 25.74%. The company's negative book value and weak long-term fundamental strength, characterized by a -39.70% annual growth rate in net sales and a high debt-to-equity ratio, further contribute to the stock's downward trend.
In the broader market context, while the benchmark Sensex has shown a positive return of 2.00% over the past week and 3.07% over the past month, Binani Industries has significantly lagged behind, indicating a stark contrast in performance. The stock's year-to-date decline of 25.00% and a one-year drop of 28.02% highlight its struggle against a market that has generally been more favorable, with the BSE 500 generating a return of 4.10% in the same timeframe. This underperformance, coupled with a negative EBITDA and flat results in recent financial periods, suggests that investor confidence is waning, leading to decreased participation and liquidity in the stock.