Why is Cravatex falling/rising?

As of 31-Jul, Cravatex Ltd's stock price is currently at 479.95, reflecting a decline of 24.4 points or 4.84%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 9.15% during this period. Today, it opened with a loss of 2.85% and reached an intraday low of Rs 476.3, indicating significant selling pressure. Additionally, the stock's delivery volume has decreased by 64.48% compared to its five-day average, suggesting a decline in investor participation. The company has reported weak long-term fundamental strength, with a negative CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio, contributing to its recent price decline.
In the broader market context, Cravatex's performance over the past week shows a decline of 3.02%, which is worse than the Sensex's drop of 1.22%. While the stock has shown some positive returns over the past month (+9.33%), its one-year performance remains negative at -8.63%, indicating consistent underperformance against the benchmark. The company's financial struggles, including negative EBITDA and reliance on non-operating income, further exacerbate its risk profile, making it less attractive to investors in the current market environment.