Why is Karnavati Financ falling/rising?

As of 12-Sep, Karnavati Finance Ltd's stock price is currently at 1.79, reflecting a decrease of 0.01 or 0.56%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 8.21% during this period. Additionally, the stock's performance over the past week shows a modest gain of 7.19%, but it has significantly underperformed over the last month with a drop of 9.14%. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio of 6.94 times, which indicates a low ability to service its debt. Furthermore, the stock has generated a return of -52.52% over the past year, with profits declining by 82.4%, reflecting weak long-term fundamental strength.
In the broader market context, while the Sensex has increased by 1.48% over the past week, Karnavati Finance's recent performance has been notably weaker, indicating a lack of investor confidence. The stock's delivery volume has decreased significantly, falling by 69.27% against the five-day average, suggesting reduced investor participation. This decline in liquidity, coupled with the company's poor financial health and negative EBITDA, positions the stock as risky compared to its historical valuations. Overall, the combination of these factors contributes to the stock's downward trajectory in the market.