Why is Elgi Rubber Co falling/rising?

As of 25-Jul, Elgi Rubber Company Ltd is experiencing a decline in its stock price, currently at Rs 58.00, which represents a decrease of 1.16 or 1.96%. The stock has shown a consistent downward trend, falling every week for the last eight weeks and every month for the last six weeks, resulting in a total return of -100% during these periods. Despite today's performance indicating an outperformance against its sector by 3.37%, the stock's overall returns have been poor, with a year-to-date decline of 57.37% and a one-year decline of 27.32%. The company is facing significant challenges, including operating losses and a weak long-term fundamental strength, characterized by a low growth rate in net sales and a high debt-to-EBITDA ratio. In the broader market context, the stock's short-term performance has been worse than the benchmark, with a weekly return of -0.85% compared to the Sensex's -0.53%. This underperformance is compounded by negative financial results, including a substantial fall in profit after tax and a low operating profit to interest ratio, indicating financial distress. The stock's liquidity is adequate for trading, but the overall sentiment remains negative due to the company's weak fundamentals and risky trading conditions compared to its historical valuations.