Why is Chandni Machines falling/rising?

As of 01-Sep, Chandni Machines Ltd is experiencing a decline in its stock price, currently at Rs. 35.00, reflecting a decrease of Rs. 0.95 or 2.64%. The stock has hit a new 52-week low of Rs. 33.36 today and has underperformed its sector by 2.2%. Over the past five days, the stock has consistently fallen, resulting in a total decline of 6.67%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of 0.75. The net sales have also fallen sharply, down 48.5% compared to the previous four-quarter average, contributing to a negative EBITDA and overall weak long-term fundamental strength.
In the broader market context, Chandni Machines has underperformed compared to the Sensex, with a 1-week return of -5.23% against the benchmark's -1.56%. The stock has generated a staggering -57.45% return over the past year, while the Sensex has only declined by 2.43%. This stark contrast highlights the stock's poor performance relative to the market. Furthermore, the delivery volume has significantly decreased, indicating falling investor participation, which adds to the liquidity concerns surrounding the stock. Overall, the combination of weak financial performance, declining investor interest, and underperformance relative to the benchmark suggests a challenging environment for Chandni Machines Ltd.