Why is Cool Caps falling/rising?

As of 08-Jul, Cool Caps Industries Ltd is experiencing a decline in its stock price, currently at 88.75, which reflects a decrease of 9.85 points or 9.99%. Despite a strong performance in the long term, with a remarkable 162.57% return over the past year, the stock has recently underperformed its sector by 9.23%. The company has been trading above its moving averages over various time frames, indicating some positive momentum. However, the recent flat results for June 2023, including a significant drop in net sales by 21%, coupled with a high Debt to EBITDA ratio of 7.00 times, raises concerns about its long-term fundamental strength. Additionally, a decrease in promoter stake by 3.42% suggests reduced confidence in the company's future.
In the broader market context, Cool Caps has outperformed the benchmark Sensex over the past week, with a return of 11.60% compared to the benchmark's slight decline of 0.08%. However, the stock's current drop may reflect investor caution due to its recent financial performance and the weakening fundamentals, despite its historical returns. The overall market sentiment appears to be cautious, as indicated by the company's inability to declare results in the last six months and the negative operating profits, which could be contributing to the stock's current downward movement.