Why is Cybele Industrie falling/rising?

As of 16-Jul, Cybele Industries Ltd is currently priced at 21.57, reflecting a slight increase of 0.01 (0.05%). Despite this minor uptick, the stock has exhibited a concerning trend, with a significant decline of 54.11% over the past year and a 38.51% drop year-to-date. Today's performance indicates that the stock has outperformed its sector by 0.39%, but it remains below its moving averages across various timeframes. The company has faced operating losses and has reported negative results for the last four consecutive quarters, with net sales and profit after tax both declining by 42.23%. Additionally, the company's weak ability to service its debt, as indicated by a poor EBIT to interest ratio of -1.44, further exacerbates its financial challenges.
In the broader market context, Cybele Industries has underperformed relative to the Sensex, which has gained 5.75% year-to-date, while the stock has seen a substantial decline. Over the past week, Cybele's stock has decreased by 0.46%, contrasting with the Sensex's drop of 1.08%. The stock's liquidity appears adequate, with a notable increase in delivery volume, suggesting some investor interest despite the overall negative sentiment surrounding the company's financial health. The combination of weak long-term fundamentals, significant operating losses, and poor returns compared to the benchmark indicates a challenging environment for Cybele Industries, contributing to its ongoing price struggles.