Why is Indian CardCloth falling/rising?

As of 08-Jul, Indian Card Clothing Company Ltd's stock is currently priced at 313.85, reflecting a decrease of 7.3 points or 2.27%. The stock has underperformed its sector by 2.11% today and has experienced a consecutive decline over the last two days, totaling a drop of 3.12%. Despite reaching an intraday high of Rs 327.65, the stock's performance has been hindered by a significant decrease in investor participation, with delivery volume falling by 50.11% compared to the five-day average. While the company reported positive results for the nine-month period ending March 25, including a substantial growth in profit after tax, it also faces challenges such as operating losses and a weak ability to service its debt, indicated by a poor EBIT to interest ratio.
In the broader market context, the stock's short-term performance over the past week shows a gain of 3.72%, contrasting with the Sensex, which has remained relatively flat with a change of just 0.02%. However, the stock's longer-term performance reveals a decline of 4.60% over the past month, while the Sensex has increased by 1.85%. This divergence highlights the stock's struggles despite some positive financial indicators, such as a significant increase in profits over the past year. Overall, the combination of recent losses, weak long-term fundamentals, and declining investor interest contributes to the stock's current downward trajectory.