Why is Indian CardCloth falling/rising?

As of 28-Aug, Indian Card Clothing Company Ltd's stock price is currently at Rs 262.00, reflecting a decline of Rs 6.85 or 2.55%. The stock has been underperforming, having fallen consecutively for the last three days with a total drop of 3.68%. It opened the day with a loss of 3.29% and reached an intraday low of Rs 260. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant decrease in investor participation, with delivery volume dropping by 61.55% compared to the 5-day average. The company's financial health is concerning, with operating losses, a weak ability to service debt, and negative returns on capital employed, contributing to its classification as a strong sell.
In the broader market context, the stock has underperformed the benchmark Sensex, which has declined by only 2.34% over the past week compared to the stock's 3.11% drop. Over the past month, Indian Card Clothing Company Ltd has seen a 9.76% decline, while the Sensex has only decreased by 1.00%. This consistent underperformance against the benchmark over the last three years, coupled with negative EBITDA and a poor inventory turnover ratio, suggests that the stock is facing significant challenges in the market. The company's negative financial indicators and weak long-term fundamental strength further exacerbate its declining stock price.