Why is Bombay Dyeing falling/rising?

As of 03-Jul, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at 166.90, which reflects a decrease of 1.55 or 0.92%. The stock has recently underperformed its sector by 0.46% and is showing a trend reversal after nine consecutive days of gains. Despite a positive performance over the past week and month, with returns of 6.27% and 8.91% respectively, the stock has significantly underperformed over the year, with a decline of 23.67%. The company is facing operating losses and has a weak long-term fundamental strength, evidenced by a poor EBIT to Interest ratio of -0.65 and a low return on equity of 0.30%. Additionally, the stock is trading at risky valuations, and the recent flat results, including a 48.7% drop in PAT, have contributed to negative sentiment among investors.
In the broader market context, while the Sensex has shown a slight decline of 0.62% over the past week, Bombay Dyeing's short-term performance has been relatively better, indicating some resilience. However, the stock's year-to-date performance is concerning, with a decline of 11.60% compared to the Sensex's gain of 6.53%. The falling investor participation, as indicated by a 43.22% drop in delivery volume, further suggests a lack of confidence in the stock. The minimal stake held by domestic mutual funds, at only 0.28%, may reflect their discomfort with the company's current valuation or business outlook, reinforcing the negative sentiment surrounding the stock.