Why is Kallam Textiles falling/rising?

As of 23-Sep, Kallam Textiles Ltd is experiencing a decline in its stock price, currently at 3.93, which reflects a decrease of 0.04 or 1.01%. The stock has underperformed its sector by 0.39% today and has been on a consecutive downward trend for the last three days, resulting in a total decline of 5.76%. Additionally, Kallam Textiles is trading below all its moving averages, indicating a bearish trend. The company has reported significant operating losses, with a high Debt to EBITDA ratio of 10.79 times and a low Return on Equity of 1.26%, which underscores its weak long-term fundamental strength. The negative financial results reported for June, including a 91.8% fall in PAT, further contribute to the stock's poor performance, alongside a consistent underperformance against the benchmark over the past three years.
In the broader market context, Kallam Textiles' short-term performance has been notably worse than the benchmark, with a 1-week return of -0.76% compared to the Sensex's -0.34%. Over the past month, the stock has also declined by 0.51%, while the Sensex has gained 0.98%. This stark contrast highlights the ongoing challenges faced by Kallam Textiles, particularly in terms of liquidity, as evidenced by a significant drop in delivery volume, which fell by 79.43% against the 5-day average. The combination of these factors indicates a challenging environment for Kallam Textiles, leading to its current downward price movement.