Why is Kanoria Chem. falling/rising?

As of 26-Sep, Kanoria Chemicals & Industries Ltd is experiencing a decline in its stock price, currently at Rs 80.54, reflecting a decrease of 6.23 (-7.18%). Today's price summary indicates that the stock has underperformed its sector by 5.19% and has fallen after two consecutive days of gains. The stock reached an intraday low of Rs 80.54, with high volatility recorded at 7.23%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 1.14% and a high Debt to EBITDA ratio of 9.38 times, contribute to its risk profile. Furthermore, 29.57% of promoter shares are pledged, which can exert additional downward pressure in a falling market.
In the broader market context, the stock has underperformed the benchmark, with a 1-week return of -2.94% compared to the Sensex's -2.66%, and a 1-month return of -6.35% against the Sensex's -0.45%. Over the past year, Kanoria Chemicals has generated a return of -42.78%, significantly lagging behind the benchmark's -6.30%. This consistent underperformance over the last three years, coupled with negative operating profits and a high debt burden, suggests a challenging environment for the stock, further exacerbated by declining investor participation and liquidity issues.