Why is Everest Inds. falling/rising?

As of 21-Jul, Everest Industries Ltd is experiencing a decline in its stock price, currently at Rs 572.35, reflecting a decrease of Rs 6.7 or 1.16%. The stock has underperformed its sector by 2.06% today and has been on a consecutive downward trend for the last two days, with a total return drop of 2.58% during this period. Over the past week, the stock has shown a modest gain of 3.31%, but its year-to-date performance remains significantly negative at -26.31%. The company has reported negative results for the last three consecutive quarters, with a substantial decline in both operating profit and net profit, contributing to a poor long-term growth outlook. Additionally, the stock's liquidity is adequate, but there has been a notable decrease in investor participation, with delivery volume falling by 31.21% against the five-day average.
In the broader market context, while the Sensex has shown a slight decline of 0.06% over the past week, Everest Industries Ltd has outperformed the benchmark with a 10.68% gain over the past month. However, the stock has significantly underperformed the market over the past year, with a staggering return of -51.90% compared to the Sensex's gain of 1.98%. The low stake held by domestic mutual funds, at only 0.05%, suggests a lack of confidence in the company's prospects, further indicating the stock's risky nature in comparison to its historical valuations. Overall, the combination of poor financial performance, declining investor interest, and underperformance relative to the market contributes to the stock's current downward movement.