Why is Kallam Textiles falling/rising?

As of 15-Sep, Kallam Textiles Ltd is currently priced at 3.92, reflecting a decline of 0.07 or 1.75%. The stock has been underperforming, having fallen consecutively for the last two days, with a total return of -2.73% over the past week. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 11.86% compared to the 5-day average. The company is facing serious financial challenges, including operating losses, a high debt-to-EBITDA ratio of 10.79 times, and a low return on equity of 1.26%, all contributing to its weak long-term fundamental strength. The stock's performance has been consistently poor, with a staggering -48.22% return over the past year and negative earnings reported in recent quarters.
In the broader market context, Kallam Textiles has significantly underperformed against the benchmark, with the Sensex gaining 1.24% over the past week while Kallam Textiles declined by 2.73%. This trend of underperformance is not new, as the stock has lagged behind the BSE500 in each of the last three annual periods. The company's financial instability, characterized by negative EBITDA and a high debt-equity ratio of 3.07 times, further exacerbates its position in the market. Overall, the combination of poor stock performance, weak financial fundamentals, and declining investor interest suggests a challenging outlook for Kallam Textiles Ltd.