Why is Eastern Treads falling/rising?

As of 01-Jul, Eastern Treads Ltd is experiencing a decline in its stock price, currently at 33.00, which represents a decrease of 0.24 or 0.72%. The stock has underperformed its sector today by 0.77%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, the stock has shown significant underperformance over various periods, with a 1-week return of -2.88% and a year-to-date return of -13.14%. The company also faces challenges such as a negative book value, a high debt-to-equity ratio, and poor long-term growth metrics, including a net sales decline of 4.91% annually and an operating profit drop of 198.99% over the last five years.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 2.00% over the past week and 7.11% year-to-date. This consistent underperformance against the benchmark, particularly over the last three years, highlights the stock's riskiness, especially given its negative EBITDA and declining profits, which have fallen by 3.1% in the past year. The significant drop in delivery volume, which decreased by 61.14% against the 5-day average, further indicates a lack of investor confidence, contributing to the stock's downward trajectory.