Why is Kallam Textiles falling/rising?

As of 29-Aug, Kallam Textiles Ltd is experiencing a decline in its stock price, currently at 3.70, which reflects a decrease of 0.18 or 4.64%. The stock has been underperforming significantly, having lost 8.87% over the last six days and is trading below all key moving averages. Additionally, the stock's performance over various periods shows a troubling trend, with a year-to-date decline of 34.51% and a staggering 57.32% drop over the past year. The company's financial health is concerning, marked by operating losses, a high debt-to-EBITDA ratio of 10.79, and a negative EBITDA, which collectively signal weak long-term fundamental strength. Furthermore, the recent negative results, including a substantial fall in profit after tax, contribute to the stock's downward trajectory.
In the broader market context, Kallam Textiles has underperformed against the benchmark, with a one-week return of -6.33% compared to the Sensex's -1.84%. This consistent underperformance over the last three years highlights the company's struggles in comparison to the broader market, which has seen positive returns. The decline in investor participation, as evidenced by a significant drop in delivery volume, further exacerbates the stock's challenges. Overall, the combination of poor financial performance, high debt levels, and a lack of investor confidence are key factors driving the stock's decline.