Why is Kakatiya Cement falling/rising?

As of 25-Jun, Kakatiya Cement Sugar & Industries Ltd is currently priced at 161.35, reflecting an increase of 2.0 (1.26%). The stock has gained after two consecutive days of decline, although it has underperformed its sector by 0.26%. The stock has traded in a narrow range of Rs 0.35 and is above its 5-day, 20-day, 50-day, and 100-day moving averages, but below its 200-day moving average. Despite this slight uptick, the company has reported negative results for the last four consecutive quarters, with net sales falling by 20.8% and a significant drop in profit after tax of 683.1%. The company’s weak long-term fundamental strength is highlighted by its poor EBIT to interest ratio and low return on equity, indicating challenges in profitability and debt servicing.
In the broader market context, Kakatiya Cement has shown a short-term return of 6.50% over the past week, significantly outperforming the Sensex, which has only increased by 1.61%. However, the stock's year-to-date performance is concerning, with a decline of 13.35% compared to the Sensex's gain of 5.91%. This consistent underperformance against the benchmark over the last three years, coupled with a negative EBITDA and falling investor participation, suggests that while there may be short-term fluctuations, the overall outlook remains weak for Kakatiya Cement.