Why is Bloom Industries falling/rising?

As of 16-Jun, Bloom Industries Ltd is experiencing a decline in its stock price, currently at Rs 36.03, which reflects a decrease of Rs 2.02 or 5.31%. The stock has underperformed its sector by 5.2% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 7.73% during this period. The stock opened significantly lower, with a gap down of 6.44%, and reached an intraday low of Rs 34.35, marking a decline of 9.72%. Despite a strong performance over the past year with a return of 44.12%, the company has faced challenges, including a decrease in profits by 8% and a weak long-term fundamental strength indicated by a low Return on Capital Employed (ROCE) of 4.13%.
In the broader market context, Bloom Industries' recent performance contrasts sharply with the benchmark, as it has declined by 7.16% over the past week while the Sensex has only fallen by 0.79%. The stock's year-to-date performance shows a significant drop of 9.56%, while the Sensex has gained 4.68% during the same period. This underperformance is compounded by a notable decrease in investor participation, with delivery volume plummeting by 90.36% against the five-day average. Although the stock is trading at a discount compared to its peers' average historical valuations, the combination of weak sales growth and poor debt servicing capability has contributed to the current downward pressure on its stock price.