Why is Indo National falling/rising?

As of 28-Jul, Indo National Ltd's stock price is currently at 449.00, reflecting a decrease of 25.35, or 5.34%. The stock has been underperforming, having lost 6.26% over the last four days and showing a weekly decline of 4.05%. Despite opening with a gain of 2.25% today and reaching an intraday high of Rs 485, it fell to a low of Rs 445.85, indicating high volatility with an intraday fluctuation of 6.41%. The company has reported significant negative results, including a 42.51% drop in net sales and consecutive quarters of losses, which have contributed to its weak long-term fundamental strength and negative EBITDA. Additionally, the stock is trading below all key moving averages, suggesting a bearish trend.
In the broader market context, Indo National's performance has been notably worse than the benchmark, with a year-to-date decline of 17.42% compared to a 3.52% increase in the Sensex. Over the last month, the stock has decreased by 6.46%, while the benchmark has only fallen by 3.77%. This underperformance is further highlighted by the company's weak ability to service its debt and low profitability, as evidenced by a poor EBIT to Interest ratio of -1.03. The stock's liquidity is adequate for trading, but the overall sentiment remains negative due to the company's financial struggles and declining sales, leading to a perception of risk among investors.