Why is Birla Cable falling/rising?

As of 28-Aug, Birla Cable Ltd is experiencing a decline in its stock price, currently at Rs 156.55, which represents a decrease of Rs 3.9 or 2.43%. The stock has underperformed its sector by 1.97% today, reaching an intraday low of Rs 155, and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has fallen by 2.64%, and it has seen a significant drop of 42.86% over the last year, indicating a troubling trend. While the company recently reported positive results after several negative quarters, including substantial growth in profit before tax and profit after tax, the overall performance remains weak, with a high debt-to-EBITDA ratio and low return on equity contributing to investor concerns.
In the broader market context, Birla Cable's recent performance contrasts with the benchmark Sensex, which has shown a decline of only 2.34% over the past week. The stock's year-to-date performance is particularly concerning, with a drop of 26.90% compared to the Sensex's gain of 2.48%. This underperformance, coupled with a significant decrease in investor participation and liquidity issues, suggests a lack of confidence among investors. Despite some positive financial indicators, the long-term fundamental weaknesses and the stock's inability to generate adequate returns have led to its current downward trajectory.