Why is Bombay Dyeing falling/rising?

As of 28-Jul, Bombay Dyeing & Manufacturing Company Ltd's stock is currently priced at Rs 172.50, reflecting a decline of Rs 9.6 or 5.27%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 8.46% during this period. Today's trading saw the stock reach an intraday low of Rs 171.4, with a weighted average price indicating more volume traded closer to this low. Additionally, the stock has shown mixed performance over different periods, with a 1-week return of +4.48% and a 1-month return of +6.06%, but it has significantly underperformed over the year with a return of -26.12%. The company's fundamentals are weak, highlighted by operating losses, a negative EBIT to interest ratio, and a low return on equity, which contribute to its current price decline.
Broader market context indicates that while the BSE500 index has experienced a negative return of -2.52% over the past year, Bombay Dyeing's performance has been considerably worse, with a decline of -26.12%. This stark contrast suggests that the stock is not only struggling in isolation but is also failing to keep pace with broader market trends. Furthermore, there has been a notable decrease in institutional investor participation, which fell by 0.89% in the last quarter, indicating a lack of confidence in the company's long-term prospects. The combination of weak financial performance, falling investor interest, and significant underperformance relative to the market contributes to the stock's current downward trajectory.