Why is Indian CardCloth falling/rising?

As of 01-Sep, Indian Card Clothing Company Ltd's stock price is currently at Rs 261.00, reflecting a decrease of Rs 5.6 or 2.1%. The stock has underperformed its sector by 2.31% today, having touched an intraday low of Rs 260. It is trading below all key moving averages, indicating a bearish trend. Additionally, investor participation has significantly declined, with delivery volume dropping by 72.75% compared to the 5-day average. The company has reported operating losses, a weak ability to service its debt, and negative return on capital employed (ROCE), which contributes to its overall weak long-term fundamental strength. The stock has consistently underperformed against benchmarks, with a year-to-date return of -21.15% compared to the Sensex's positive return of 2.85%.
In the broader market context, the stock's performance over the past week shows a decline of 3.94%, while the Sensex has only decreased by 1.56%. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles. The company's recent financial results have also been disappointing, with a significant drop in profit after tax and the lowest inventory turnover ratio recorded. These factors combined indicate a challenging environment for the stock, leading to its current downward movement.