Why is Everest Inds. falling/rising?

As of 03-Jul, Everest Industries Ltd is experiencing a decline in its stock price, currently at Rs 568.00, reflecting a decrease of Rs 7.0 or 1.22%. The stock has underperformed its sector by 1.48% today and has seen a trend reversal after nine consecutive days of gains. It has traded within a narrow range of Rs 2 and, while it is above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average. Over the past week, the stock has gained 5.56%, but it has a year-to-date decline of 26.87% and a staggering 52.61% drop over the past year. The company has reported negative operating profits and has declared poor results for the last three consecutive quarters, which has contributed to its recent price movement.
In the broader market context, while the Sensex has generated a return of 3.10% over the past month, Everest Industries Ltd's performance has been significantly weaker, with a 16.63% gain in the same period. However, the stock has underperformed the market over the last year, where the BSE500 has returned 2.20%, contrasting sharply with Everest's negative return of 52.61%. The low stake of domestic mutual funds at only 0.05% indicates a lack of confidence in the company's prospects, further exacerbating the stock's decline. The combination of poor long-term growth, negative operating profits, and a lack of investor confidence has led to the stock's current downward trajectory.