Why is Bombay Dyeing falling/rising?

As of 01-Sep, Bombay Dyeing & Manufacturing Company Ltd is currently priced at Rs 172.00, reflecting an increase of Rs 2.5 or 1.47%. The stock has recently gained after three consecutive days of decline, reaching an intraday high of Rs 173.8. However, it has underperformed its sector by 0.41% today. Over the past week, the stock has decreased by 5.00%, while it has shown a modest increase of 4.62% over the past month. Despite this recent uptick, the stock has a concerning long-term outlook, characterized by operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio. Additionally, the company has seen a significant decline in profitability, with a return on equity of only 0.30% and a negative EBITDA, which raises concerns about its financial health.
Broader Market Context: In the context of the broader market, the stock has underperformed significantly over the past year, with a return of -20.41% compared to the BSE500's decline of only -4.75%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the recent drop in institutional investor participation, which has decreased by 0.89%, suggests a lack of confidence among more sophisticated investors, potentially contributing to the stock's volatility. While the stock has shown some resilience in the short term, its overall performance remains weak compared to both its historical returns and the benchmark, indicating ongoing challenges for the company.