Why is Everest Inds. falling/rising?

As of 22-Aug, Everest Industries Ltd is experiencing a decline in its stock price, currently at Rs 617.00, which reflects a decrease of Rs 12.95 or 2.06%. The stock has been losing for the last two days, with a total drop of 3.03% during this period. Despite outperforming its sector by 0.29% today, the stock touched an intraday low of Rs 607.45. Over the past week, it has shown a positive return of 6.38%, but its year-to-date performance remains poor with a decline of 20.57%. The company's financial health is concerning, as it has reported negative results for the last four consecutive quarters, with operating profit growth at an alarming rate of -204.54% over the last five years. Additionally, the stock is trading at risky levels compared to its historical valuations, and domestic mutual funds hold only a minimal stake of 0.05%, indicating a lack of confidence in the company's prospects.
Broader market context shows that while the Sensex has gained 0.88% over the past week, Everest Industries Ltd has outperformed this benchmark in the same timeframe. However, the stock has significantly underperformed over the past year, with a return of -45.35% compared to the market's slight gain of 0.31%. The construction material sector, in which Everest operates, has also faced a decline of 2.31%, contributing to the negative sentiment surrounding the stock. The falling investor participation, with a notable drop in delivery volume, further reflects the market's cautious stance towards Everest Industries Ltd amidst its ongoing financial struggles.