Why is IGC Industries falling/rising?

As of 19-Sep, IGC Industries Ltd is experiencing a decline in its stock price, currently at 3.17, reflecting a decrease of 0.05 or 1.55%. The stock has shown mixed performance in recent periods, with a 1-week return of +4.97%, but a significant decline of -6.21% over the past month and a staggering -67.88% year-to-date. Today's price summary indicates that the stock underperformed its sector by 0.62%, and while it is higher than the 5-day and 20-day moving averages, it remains below the 50-day, 100-day, and 200-day moving averages. The delivery volume has also fallen sharply by 46.45% compared to the 5-day average, suggesting a decrease in investor participation. The company is characterized by high debt levels and weak long-term fundamentals, with a debt-to-equity ratio of 4.90 times and a low return on equity of 0.07%, which further contributes to its negative outlook.
In the broader market context, IGC Industries has consistently underperformed against the benchmark, with a return of -89.07% over the past year compared to a slight decline of -0.67% for the BSE500. This underperformance is compounded by a decrease in institutional investor participation, which has fallen by 1.44% in the previous quarter, indicating a lack of confidence from more sophisticated investors. The stock's risky profile is highlighted by its negative EBITDA and poor profitability, which have led to a perception of it being a strong sell. Overall, the combination of high debt, weak growth prospects, and declining investor interest has resulted in the stock's continued downward movement.