Why is Bombay Dyeing falling/rising?

As of 07-Nov, Bombay Dyeing & Manufacturing Company Ltd is experiencing a decline in its stock price, currently at Rs 157.00, which reflects a decrease of Rs 3.25 or 2.03%. The stock has underperformed its sector by 3.81% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 4.7%. The stock opened with a significant gap down of 4.52% and reached an intraday low of Rs 152.65. Over the past week, the stock has decreased by 4.33%, and year-to-date, it has fallen by 16.84%, indicating a troubling performance compared to the Sensex, which has increased by 6.50% during the same period. The company's operating losses and weak long-term fundamentals, highlighted by a negative EBIT to Interest ratio and low Return on Equity, contribute to the stock's struggles. Furthermore, the recent negative financial results, including a significant drop in PAT and net sales, along with a lack of domestic mutual fund investment, signal a lack of confidence in the company's future prospects.
In the broader market context, the stock's short-term performance has been notably poor compared to the benchmark, with a 1-week decline of 4.33% against the Sensex's 0.86% drop. This underperformance is exacerbated by the company's negative EBITDA and a substantial year-over-year decline of 32.14%, contrasting sharply with the market's positive returns. The falling investor participation, evidenced by a 28.79% decrease in delivery volume, further indicates waning interest in the stock. Overall, the combination of weak financial performance, negative market sentiment, and a lack of institutional support has led to the stock's continued decline.