Why is Elgi Rubber Co falling/rising?

As of 30-Sep, Elgi Rubber Company Ltd's stock price is currently at 65.09, reflecting a decline of 1.87, or 2.79%. The stock has been underperforming significantly, having fallen for the last four consecutive days, resulting in a total decline of 6.82% during this period. Over the past month, the stock has experienced a dramatic drop of 21.14%, and year-to-date, it has plummeted by 52.16%. The company has shown weak long-term fundamental strength, with a low Return on Capital Employed (ROCE) of 0.71%, and its net sales growth has been minimal at an annual rate of 2.13%. Additionally, the stock's performance has been hindered by negative operating profits and a high Debt to EBITDA ratio, indicating a low ability to service debt.
Broader Market Context: In comparison to the benchmark, the Sensex has only declined by 2.22% over the past week, while Elgi Rubber's stock has dropped by 6.44%, showcasing a significant underperformance. The broader market has shown some resilience, with a slight increase of 0.75% over the past month, contrasting sharply with Elgi Rubber's steep decline. This disparity highlights the stock's struggles relative to the overall market, as it has not only underperformed in the short term but also over the past year, where it has fallen by 32.83% compared to the market's decline of 4.65%.