Why is Kanco Tea falling/rising?

As of 11-Aug, Kanco Tea & Industries Ltd is experiencing a decline in its stock price, currently at Rs 63.53, reflecting a decrease of Rs 2.11 or 3.21%. The stock has underperformed significantly today, opening with a loss of 3.99% and touching an intraday low of Rs 62.04, which is 5.48% lower than its previous close. Over the past week, the stock has dropped by 4.54%, and its year-to-date performance shows a substantial decline of 28.62%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a drastic reduction in investor participation, with delivery volume plummeting by 99.12% compared to the five-day average. The company's fundamentals are weak, highlighted by a -193.01% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.36, which raises concerns about its ability to service debt.
In the broader market context, Kanco Tea's performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.51% over the past week. This consistent underperformance against the benchmark is evident over the last three years, where Kanco Tea has generated negative returns while the broader market has seen gains. The stock's negative EBITDA and low profitability per unit of shareholders' funds further contribute to its risk profile, making it a strong sell. With a return of -20.97% over the past year, despite a profit increase of 29.8%, the market sentiment remains pessimistic, leading to the stock's current downward trajectory.