Why is Kanoria Chem. falling/rising?

As of 22-Sep, Kanoria Chemicals & Industries Ltd is experiencing a decline in its stock price, currently at 82.20, which reflects a decrease of 0.78 or 0.94%. The stock has been on a downward trend, losing value for the last three consecutive days, resulting in a total return of -1.46% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company has also seen a significant drop in investor participation, with delivery volume falling by 15.5% against the 5-day average. Over the past year, Kanoria Chemicals has underperformed the benchmark, generating a return of -44.85% compared to the Sensex's -2.82%, which highlights its consistent struggles.
In the broader market context, while the Sensex has shown a slight increase of 0.46% over the past week, Kanoria Chemicals has declined by 4.06%, indicating a significant underperformance relative to the market. The company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 1.14% and a high Debt to EBITDA ratio of 9.38 times, contribute to its negative outlook. Furthermore, with 29.57% of promoter shares pledged, there is additional downward pressure on the stock in a falling market. This combination of poor financial health, negative operating profits, and consistent underperformance against benchmarks has led to a lack of investor confidence, further driving the stock's decline.