Why is Kakatiya Cement falling/rising?

As of 09-Jul, Kakatiya Cement Sugar & Industries Ltd is experiencing a decline in its stock price, currently at Rs 157.55, which represents a decrease of Rs 3.75 or 2.32%. The stock has underperformed its sector by 2.66% today and has been on a consecutive downward trend for the last two days, resulting in a total loss of 3.02% during this period. Although the stock opened with a gain of 2.91% and reached an intraday high of Rs 172, it also hit a low of Rs 156.3, indicating significant volatility with a wide trading range of Rs 15.7. The stock's performance over the past year has been poor, with a return of -38.67%, and it has consistently reported negative results for the last four quarters, including a substantial drop in net sales and profitability metrics.
In the broader market context, Kakatiya Cement's short-term performance has been notably worse than the benchmark, with a 1-week return of -3.49% compared to the Sensex's slight gain of 0.15%. The company's weak financial fundamentals, including operating losses and a low return on equity, further contribute to its declining stock price. Additionally, the company's ability to service its debt is compromised, as indicated by a poor EBIT to interest ratio. The stock's liquidity remains adequate, but a significant drop in delivery volume suggests falling investor participation, which may exacerbate its recent price decline. Overall, the combination of negative financial results, consistent underperformance against benchmarks, and high volatility has led to the stock's current downward trajectory.