Why is K G Denim falling/rising?

As of 20-Jun, K G Denim Ltd's stock price is currently at 16.50, reflecting a decrease of 0.3, or 1.79%. The stock has been underperforming significantly, having fallen for the last three consecutive days, resulting in a total decline of 4.29% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company has reported negative financial results for the last 11 consecutive quarters, with a negative book value and a high debt-to-equity ratio of 2.77 times. This weak long-term fundamental strength is further highlighted by a substantial decline in net sales and operating profit over the past five years, contributing to the stock's recent downward movement.
In the broader market context, K G Denim's performance has lagged behind the benchmark, with a 1-week return of -2.65% compared to the Sensex's gain of 1.59%. This consistent underperformance is evident over longer periods as well, with the stock down 41.32% over the past year while the benchmark has risen by 6.36%. The falling investor participation, as indicated by a 30.02% drop in delivery volume, suggests a lack of confidence among investors, further exacerbating the stock's decline. Overall, the combination of poor financial health, negative growth trends, and underperformance against the benchmark has led to the stock's current downward trajectory.