Why is Elgi Rubber Co falling/rising?

As of 03-Jul, Elgi Rubber Company Ltd's stock price is currently at 60.18, reflecting a decline of 1.23, or 2.0%. The stock has been underperforming, with a weekly fall recorded for the last eight weeks and a monthly decline over the past six weeks, resulting in a total return of -100% during these periods. Despite today's performance showing an outperformance against its sector by 3.37%, the stock has faced significant challenges, including operating losses and a weak long-term fundamental strength. The company has reported a high Debt to EBITDA ratio of 19.89 times, indicating a low ability to service its debt, which further contributes to the negative sentiment surrounding the stock. Additionally, the latest financial results show a substantial drop in profit after tax, which has fallen by 1040.1% compared to the previous quarter's average.
In the broader market context, the stock's performance over the past week aligns with the Sensex, both showing a decline of -0.56%. However, over the past month, while Elgi Rubber has seen a slight increase of 0.25%, it starkly contrasts with the Sensex's gain of 3.52%. This disparity highlights the stock's ongoing struggles relative to the overall market. The company's weak growth metrics, including a net sales growth rate of only 0.91% over the last five years, further emphasize its challenges in maintaining investor confidence, especially in light of the broader market's positive performance.