Why is High Street Fila falling/rising?

As of 11-Sep, High Street Filatex Ltd is experiencing a decline in its stock price, currently at Rs 236.55, which represents a decrease of 12.4 points or 4.98%. Today's price summary indicates that the stock has underperformed its sector by 5.47% and has opened with a loss of 4.98%. After a streak of 10 consecutive days of gains, the stock has now reversed its trend, touching an intraday low of Rs 236.55. Despite its strong performance over the past year, with a year-to-date return of 158.07%, the company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio of -0.18. Additionally, a reduction in promoter confidence, with a 24.44% decrease in their stake, further signals concerns about the company's future.
In the broader market context, while High Street Filatex Ltd has shown impressive returns over longer periods, such as a 346.74% increase over three years, its recent performance contrasts sharply with the Sensex, which has only gained 1.03% over the past week. The stock's current decline is compounded by a significant drop in investor participation, with delivery volume falling by 98.34% compared to the five-day average. This lack of confidence, alongside the company's reported negative EBITDA and poor financial fundamentals, suggests that investors are reacting to the underlying financial instability rather than the stock's historical performance.