Why is Bombay Dyeing falling/rising?

As of 18-Jul, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 168.00, reflecting a decrease of Rs 2.9 or 1.7%. Today's performance indicates that the stock has underperformed its sector by 1.31%, with an intraday low of Rs 167, which is a drop of 2.28%. Over the past week, the stock has shown a positive return of 5.56%, and over the past month, it has increased by 10.93%. However, despite these short-term gains, the stock has a year-to-date decline of 11.02% and a significant one-year drop of 21.86%. The company's financial health is concerning, as it has reported operating losses, a weak ability to service its debt, and a low return on equity, which contributes to its classification as a strong sell.
In the broader market context, while the benchmark Sensex has shown a slight increase of 0.38% over the past month, Bombay Dyeing's performance has lagged behind, indicating a weaker position relative to the market. The stock's negative EBITDA and high debt-equity ratio further exacerbate its risk profile, leading to a lack of confidence among domestic mutual funds, which hold only a minimal stake in the company. This lack of institutional support, combined with the stock's significant underperformance over the past year compared to the market, suggests that investor sentiment remains cautious, contributing to the current downward price movement.