Why is Kapil Cotex falling/rising?

As of 10-Jul, Kapil Cotex Ltd's stock price is currently at 197.05, reflecting a decrease of 2.95, or 1.47%. Today, the stock opened with a gain of 5% and reached an intraday high of Rs 210, but it has since fallen after four consecutive days of gains. The stock has shown strong performance over the past week and month, with returns of 7.12% and 23.46%, respectively, although it has underperformed its sector by 2.43% today. Despite a significant increase in promoter confidence, with a 0.77% increase in their stake, the company faces challenges such as operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength.
Broader market context indicates that while Kapil Cotex has outperformed the Sensex over the past year with a return of 43.73% compared to the benchmark's 4.09%, it has struggled year-to-date with a decline of 32.11% against the Sensex's gain of 6.46%. The stock's recent decline can be attributed to falling investor participation, as evidenced by a 60.85% drop in delivery volume, and the overall liquidity remains adequate for trading. The combination of these factors suggests that despite recent gains, the stock is facing significant headwinds that are impacting its current price movement.