Why is Elgi Rubber Co falling/rising?

As of 18-Jul, Elgi Rubber Company Ltd is experiencing a decline in its stock price, currently at Rs 58.50, which reflects a decrease of Rs 1.18 or 1.98%. The stock has been underperforming recently, with a weekly fall of 5.87% and a monthly increase of 6.60%. However, it has faced significant challenges, including consecutive weekly and monthly declines over the last eight weeks and six weeks, respectively, generating -100% returns in both periods. The company is also facing operational difficulties, as indicated by its negative operating profits and high debt levels, which contribute to its weak long-term fundamental strength. In the broader market context, the stock's performance has been notably poor compared to the benchmark Sensex, which has only declined by 0.72% over the past week. While the stock has outperformed its sector by 3.37% today, the overall trend remains negative, with a year-to-date decline of 57.00% against the Sensex's gain of 5.60%. The company's financial struggles, including a significant drop in profit after tax and a high debt-to-EBITDA ratio, further exacerbate investor concerns, leading to a risky trading environment for Elgi Rubber Company Ltd.