Why is Kanani Industrie falling/rising?

As of 16-Sep, Kanani Industries Ltd is experiencing a decline in its stock price, currently at 1.96, which reflects a decrease of 0.03 or 1.51%. The stock has underperformed its sector by 2.15% today and has fallen after five consecutive days of gains. It is trading below all its moving averages, indicating a bearish trend. Additionally, the stock has shown significant underperformance against the benchmark, with a year-to-date return of -27.41% compared to the Sensex's gain of 5.43%. The company's weak long-term fundamentals, highlighted by a -34.90% CAGR growth in operating profits over the last five years and a low return on equity of 1.90%, further contribute to the negative sentiment surrounding the stock.
In the broader market context, the stock's recent performance has been notably poor, with a one-week return of -0.51% while the Sensex has increased by 1.58%. This consistent underperformance against the benchmark over the past three years, coupled with a lack of investor participation as indicated by a decrease in delivery volume, suggests a lack of confidence among investors. The company's financial health is also concerning, with a poor EBIT to interest ratio of 1.11 and low cash reserves, which may deter potential investors and contribute to the stock's downward trajectory.