Why is Kallam Textiles falling/rising?

As of 10-Sep, Kallam Textiles Ltd is experiencing a decline in its stock price, currently at 3.98, which reflects a decrease of 0.04 or 1.0%. The stock has underperformed its sector by 3.58% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 1.24% during this period. Over the past week, the stock has shown a slight gain of 1.27%, but it has significantly underperformed over the longer term, with a year-to-date decline of 29.56% and a staggering 46.65% drop over the past year. The company's financial health is concerning, as indicated by its operating losses and a high debt-to-EBITDA ratio of 10.79 times, which suggests a weak ability to service its debt. Additionally, the company has reported negative profits, with a PAT decline of 91.8%, contributing to its overall negative sentiment in the market.
In the broader market context, Kallam Textiles' recent performance contrasts with the benchmark, as the Sensex has gained 1.06% over the past week and 4.21% year-to-date. The textile sector itself has seen a positive movement, gaining 2.59%, further highlighting Kallam Textiles' struggles. The stock's liquidity appears to be declining, with a significant drop in delivery volume by 48.62% compared to the 5-day average, indicating reduced investor interest. Overall, the consistent underperformance against the benchmark over the last three years, coupled with the company's weak long-term fundamentals, positions Kallam Textiles as a risky investment, contributing to its current downward price movement.