Why is Cravatex falling/rising?

As of 23-Sep, Cravatex Ltd's stock price is currently at 416.00, reflecting a decrease of 8.0, or 1.89%. The stock has underperformed its sector today by 0.31%, reaching an intraday low of Rs 411, which represents a decline of 3.07%. Over the past week, the stock has decreased by 1.42%, and it has shown a significant decline of 8.88% over the past month. The company is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 79.08% compared to the five-day average. The company is facing operational losses and has reported negative returns on capital employed, which further contributes to its weak long-term fundamental strength.
In the broader market context, Cravatex's performance has consistently lagged behind the benchmark, with a one-year return of -16.63% compared to the Sensex's decline of only 3.33%. This underperformance is evident over multiple time frames, including a three-year period where the stock has generated a return of 14.47%, significantly lower than the Sensex's 41.31%. The company's financial struggles, including a poor EBIT to interest ratio and negative EBITDA, highlight its riskiness as an investment, further exacerbating its stock price decline. Overall, the combination of weak financial performance and declining investor interest has led to the stock's current downward trajectory.