Why is Karnavati Financ falling/rising?

As of 15-Sep, Karnavati Finance Ltd's stock price is currently at 1.66, reflecting a decrease of 0.13 or 7.26%. The stock has been underperforming significantly, having fallen consecutively for the last four days, resulting in a total decline of 14.87% during this period. Over the past week, the stock has decreased by 9.78%, and it has also shown a substantial year-to-date decline of 22.79%. The company's performance is further highlighted by its low delivery volume, which has dropped by 39.16% compared to the five-day average, indicating a lack of investor interest. Additionally, the company is facing operational losses and has a high Debt to EBITDA ratio of 6.94 times, which contributes to its weak long-term fundamental strength and low profitability, as evidenced by a Return on Equity of only 1.67%.
In the broader market context, Karnavati Finance Ltd's performance has been notably poor compared to the benchmark Sensex, which has gained 1.24% over the past week. This stark contrast illustrates the stock's struggles, particularly as it has underperformed the BSE500 over the last three years, one year, and three months. The company's negative EBITDA and declining profits, which have fallen by 82.4% over the past year, further exacerbate its challenges. Overall, the combination of poor operational performance, high debt levels, and lack of investor participation has led to a significant decline in the stock's price, positioning it as a strong sell.