Why is Kallam Textiles falling/rising?

As of 28-Aug, Kallam Textiles Ltd is experiencing a decline in its stock price, currently at 3.88, reflecting a decrease of 0.04 or 1.02%. The stock has been underperforming, having fallen consecutively for the last five days, resulting in a total decline of 4.43% during this period. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Furthermore, the stock has shown significant underperformance over various time frames, with a year-to-date decline of 31.33% and a staggering 54.57% drop over the past year. The company's financial health is concerning, characterized by operating losses, a high debt-to-EBITDA ratio of 10.79 times, and a low return on equity of 1.26%, which collectively contribute to its weak long-term fundamental strength.
In the broader market context, Kallam Textiles has underperformed the benchmark, with a 1-week return of -3.24% compared to the Sensex's -2.34%. This consistent underperformance over the last three years highlights the stock's struggle to keep pace with market trends. Despite a rise in investor participation, as indicated by a 21.46% increase in delivery volume, the overall sentiment remains negative due to the company's weak financial results, including a significant drop in profit before tax and a high debt-equity ratio of 3.07 times. These factors contribute to the perception of the stock as risky, further influencing its declining price trajectory.