Why is Eastern Treads falling/rising?

As of 23-Jun, Eastern Treads Ltd is experiencing a decline in its stock price, currently at 33.62, which reflects a decrease of 0.38 or 1.12%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 5.54% during this period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has a negative book value and has shown weak long-term fundamental strength, with net sales declining at an annual rate of 4.91% and operating profit plummeting by 198.99% over the last five years. The stock's performance has also been hindered by a high debt-to-equity ratio and negative EBITDA, contributing to its recent struggles.
In the broader market context, Eastern Treads has significantly underperformed against the benchmark, with a year-to-date return of -11.50% compared to the Sensex's gain of 4.81%. Over the past year, the stock has generated a return of -15.91%, consistently lagging behind the BSE 500 in each of the last three annual periods. This underperformance is compounded by a notable decline in investor participation, as evidenced by a 38.31% drop in delivery volume against the 5-day average. Despite outperforming its sector by 0.3% today, the overall negative trends and weak fundamentals suggest that the stock is facing considerable challenges in the current market environment.