Why is Bombay Dyeing falling/rising?

As of 10-Jul, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at 162.85, reflecting a decrease of 1.75 or 1.06%. The stock has underperformed its sector by 0.8% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.6% during this period. Over the past week, the stock has decreased by 2.43%, while it has shown a modest increase of 5.88% over the past month. However, the stock's year-to-date performance is concerning, with a significant drop of 13.74%, and it has underperformed the market over the last year with a decline of 26.21%. The company's weak fundamentals, highlighted by operating losses and a poor EBIT to Interest ratio of -0.65, contribute to the negative sentiment surrounding the stock. Additionally, the recent flat results in net sales and profit after tax further exacerbate investor concerns.
In the broader market context, the Sensex has shown a slight decline of 0.06% over the past week, indicating that the overall market sentiment is relatively stable compared to the stock's performance. Despite the market's positive return of 6.46% year-to-date, Bombay Dyeing's significant underperformance suggests a lack of investor confidence, as evidenced by the low participation from domestic mutual funds, which hold only 0.28% of the company. The stock's liquidity remains adequate for trading, but the falling delivery volume, which has decreased by 43.7% against the 5-day average, signals waning interest among investors. Overall, the combination of weak financial performance, negative investor sentiment, and underperformance relative to the market contributes to the stock's current decline.