Why is Bombay Dyeing falling/rising?

As of 01-Aug, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 164.40, which reflects a decrease of Rs 6.2 or 3.63%. The stock has underperformed its sector by 1.54% today and has been on a downward trend for the past three days, accumulating a total decline of 7.12%. Despite opening with a gain of 2.55% and reaching an intraday high of Rs 174.95, it fell to a low of Rs 163.45. The stock's performance over the past week shows a significant drop of 9.72%, and it has also underperformed the benchmark Sensex, which fell by only 1.06% during the same period. Additionally, the company is facing operational challenges, including an operating loss and a weak ability to service its debt, which contributes to its negative sentiment among investors.
Broader Market Context: In the context of the broader market, while the Sensex has shown a slight decline of 1.06% over the past week, Bombay Dyeing's performance has been considerably worse, highlighting its struggles. The stock has underperformed the market significantly over the past year, with a return of -26.77% compared to the BSE500's -4.13%. This stark contrast indicates that investor confidence in Bombay Dyeing is waning, further exacerbated by a decrease in institutional investor participation and the company's weak long-term fundamentals. The combination of these factors suggests that the stock's recent movement is driven by both company-specific issues and broader market dynamics.