Why is High Street Fila falling/rising?

As of 11-Aug, High Street Filatex Ltd's stock price is currently at Rs 193.05, reflecting a decrease of Rs 3.95 or 2.01%. The stock has underperformed its sector by 2.03% today and has experienced a trend reversal after four consecutive days of gains. It reached an intraday high of Rs 203.45 but also fell to a low of Rs 187.15, indicating significant volatility. Despite a strong year-to-date return of 110.62%, the company is facing challenges, including operating losses and a weak ability to service its debt, as evidenced by a negative EBIT to Interest ratio of -0.18. Additionally, promoter confidence has waned, with a 24.44% reduction in their stake, which may signal concerns about the company's future.
In the broader market context, High Street Filatex Ltd has outperformed the Sensex over the past week and month, with returns of 1.58% and 12.86%, respectively, while the Sensex has declined by 0.51% and 2.30%. However, the stock's recent decline today suggests a shift in sentiment, possibly influenced by the company's reported losses and negative EBITDA, which indicate a risky investment profile compared to historical valuations. The falling investor participation, with a significant drop in delivery volume, further underscores the cautious outlook among investors, contrasting with the stock's previous strong performance.