Why is Bombay Dyeing falling/rising?

As of 30-Jul, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 172.40, which reflects a decrease of Rs 4.6 or 2.6%. The stock has underperformed its sector by 2% today, touching an intraday low of Rs 171.95. The weighted average price indicates that more volume was traded closer to this low price, suggesting a lack of buying interest. Additionally, the stock's delivery volume has significantly decreased by 80.13% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has dropped by 8.30%, while it has seen a modest gain of 3.11% over the past month. However, its year-to-date performance remains negative at -8.69%, and it has underperformed the market over the last year with a return of -24.85%.
In the broader market context, the Sensex has only declined by 1.50% over the past week, highlighting the stock's significant underperformance relative to the benchmark. The company's weak long-term fundamentals, characterized by operating losses and a poor EBIT to Interest ratio of -0.65, contribute to the negative sentiment surrounding the stock. Furthermore, the company's return on equity is low at 0.30%, and it has reported a substantial drop in PAT of 48.7% compared to the previous quarter. Institutional investors have also reduced their stake, indicating a lack of confidence in the company's prospects. Overall, these factors suggest that the stock's decline is driven by both company-specific challenges and broader market dynamics.