Why is Bombay Dyeing falling/rising?

As of 31-Jul, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 170.60, reflecting a decrease of -1.8 (-1.04%). The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of -3.62%. Additionally, the stock's performance over the past week shows a significant drop of -9.47%, while it has managed a slight increase of +1.37% over the past month. However, the company's fundamentals are concerning, with operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -0.65. Furthermore, institutional investor participation has decreased, suggesting a lack of confidence in the stock's future performance.
In the broader market context, the stock has underperformed compared to the benchmark Sensex, which has seen a decline of -1.22% over the past week. While the Sensex has generated positive returns of +3.90% year-to-date, Bombay Dyeing's year-to-date performance is significantly worse at -9.64%. This stark contrast highlights the challenges faced by the company, including a high debt-equity ratio and negative EBITDA, which contribute to its riskiness and the perception of it being a strong sell. The overall market sentiment appears to be cautious, particularly in the diversified sector, which has also fallen by -2.91%.