Why is JHS Svend.Retail falling/rising?

As of 16-Sep, JHS Svendgaard Retail Ventures Ltd is experiencing a decline in its stock price, currently at Rs 38.52, which represents a decrease of 4.02 or 9.45%. Today's price summary indicates that the stock opened with a gain of 2.02% but has since fallen significantly, reaching an intraday low of Rs 38.52. The stock has shown high volatility today, with an intraday volatility of 8.04%, and has underperformed its sector by 10.47%. Over the past month, the stock has declined by 3.65%, and year-to-date, it has fallen by 8.83%. The company's financial health is concerning, as it has reported operating losses and a negative return on capital employed (ROCE), indicating weak long-term fundamental strength. Additionally, the stock has consistently underperformed against the benchmark over the last three years, further contributing to its downward movement.
In the broader market context, while the Sensex has shown a positive return of 1.58% over the past week, JHS Svendgaard's performance has been negative, with a 1.88% increase in the same period, indicating a relative underperformance. The company's weak ability to service its debt, highlighted by a poor EBIT to interest ratio of -3.27, coupled with a negative EBITDA, suggests that investors are cautious about its future prospects. This lack of confidence is reflected in the stock's significant decline today, despite a brief moment of optimism at the opening. Overall, the combination of poor financial performance, high volatility, and consistent underperformance against benchmarks has led to the stock's current downward trajectory.