Why is Dhoot Indl.Fin falling/rising?

As of 26-Aug, Dhoot Industrial Finance Ltd is experiencing a decline in its stock price, currently at Rs 268.80, down by Rs 1.2 or 0.44%. The stock has shown mixed performance today, having reached an intraday high of Rs 276.3, reflecting a 2.33% increase, but also dipped to a low of Rs 260, which is a 3.7% decrease. Over the past week, the stock has outperformed its sector by 1.53%. However, the company has reported significant operating losses, with a negative return on capital employed (ROCE) and a poor EBIT to interest ratio of -0.85. The company has declared negative results for the last three consecutive quarters, with net sales and profit after tax both declining by 73.96%. This weak financial performance, combined with falling investor participation and a negative EBITDA, contributes to the stock's downward movement.
In the broader market context, Dhoot Industrial Finance Ltd has underperformed relative to the benchmark, with a year-to-date return of -30.18% compared to the Sensex's positive return of 3.39%. While the stock has shown some resilience in the short term, with a slight increase of 0.30% over the past week, its overall performance remains concerning, especially given the broader market's negative sentiment reflected in the BSE500's decline of -3.87% over the last year. The significant drop in the company's financial metrics and the overall weak long-term fundamental strength indicate that the stock is trading at risky levels compared to its historical valuations, further exacerbating its challenges in the current market environment.