Why is BirlaNu Ltd falling/rising?

As of 10-Nov, BirlaNu Ltd is experiencing a decline in its stock price, currently at Rs 1,791.15, reflecting a decrease of Rs 61.8 or 3.34%. The stock has been underperforming, having fallen for four consecutive days with a total return of -6.87% over the past week. It opened with a loss of 2.42% today and reached an intraday low of Rs 1,770.55. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported negative results for the last 16 quarters, with significant operating losses and a high debt-equity ratio of 5.23 times, which contributes to its weak long-term fundamental strength. The stock's performance has been poor, generating a return of -28.43% over the past year, while profits have decreased by 66.8%.
In the broader market context, BirlaNu Ltd's short-term performance is notably worse than the benchmark, as it has declined by 6.87% over the past week compared to the Sensex's modest drop of 0.53%. This consistent underperformance against the benchmark over the last three years, coupled with a minimal stake held by domestic mutual funds, suggests a lack of confidence in the company's prospects. The stock's liquidity remains adequate for trading, but the overall sentiment is negative due to its ongoing operational challenges and the significant risk associated with its current valuation.