Why is Bombay Dyeing falling/rising?

As of 25-Jul, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 182.10, which represents a decrease of Rs 6.35 or 3.37%. Today's price summary indicates that the stock has underperformed its sector by 1.38% and has fallen after three consecutive days of gains, touching an intraday low of Rs 181. Despite trading above its moving averages, the company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.65. Additionally, the company's net sales have reached a low of Rs 359.02 crore, and its return on equity is only 0.30%, highlighting low profitability. The stock has also seen a decrease in institutional investor participation, which may contribute to its recent price movement.
In the broader market context, while Bombay Dyeing has shown positive returns over the past week and month, with increases of 8.39% and 17.11% respectively, it has underperformed the benchmark index, Sensex, over the past year, which has returned 1.78% compared to the stock's decline of 22.44%. This stark contrast indicates that despite short-term gains, the long-term outlook remains weak, further exacerbated by the company's negative EBITDA and falling institutional interest. Overall, the combination of weak fundamentals and underperformance relative to the market suggests that investor sentiment is cautious, contributing to the stock's current decline.