Why is Dhatre Udyog falling/rising?

As of 18-Aug, Dhatre Udyog Ltd's stock price is currently at Rs. 7.10, reflecting a decline of -0.27 or -3.66%. The stock has recently hit a new 52-week low of Rs. 6.12 and has been underperforming its sector by -5.37%. Over the past two days, the stock has experienced consecutive falls totaling -4.83%. Additionally, the stock has generated a return of -53.50% over the past year, with profits plummeting by -86.9%. Despite having a relatively attractive valuation with a Price to Book Value of 1.1 and a Return on Equity of 11.7, the company faces significant challenges, including operating losses and a high debt-to-equity ratio of 6.73 times, which contribute to its weak long-term fundamental strength. In the broader market context, Dhatre Udyog's short-term performance has been notably poor, with a 1-week return of -2.61%, while the Sensex has gained +0.83% during the same period. This stark contrast highlights the stock's underperformance relative to the benchmark. Furthermore, the company's declining sales and reduced promoter confidence, evidenced by a -1.95% decrease in promoter stake, further exacerbate the negative sentiment surrounding the stock. Overall, the combination of poor financial performance, high debt, and diminishing confidence among stakeholders has led to the stock's recent downward trajectory.