Why is Cybele Industrie falling/rising?

As of 24-Jul, Cybele Industries Ltd is experiencing a decline in its stock price, currently at 20.10, which reflects a decrease of 0.94 or 4.47%. The stock has underperformed its sector by 3.19% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 9.21%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has reported negative financial results for the last four consecutive quarters, with significant operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -1.44. This has contributed to a substantial decline in profitability, with a return on equity of only 0.10%, and a staggering drop in profits of 1248% over the past year.
In the broader market context, the stock has significantly underperformed compared to the benchmark, with a one-year return of -63.80% against the BSE500's positive return of 0.99%. Over the past week, Cybele Industries has seen a decline of 6.38%, while the benchmark has remained relatively flat with a decrease of only 0.09%. The falling investor participation, as evidenced by a 32.92% drop in delivery volume, further indicates a lack of confidence among investors. Overall, the combination of poor financial performance, negative market sentiment, and underwhelming returns compared to the benchmark has led to the stock's current downward trajectory.