Why is Karnavati Financ falling/rising?

As of 17-Sep, Karnavati Finance Ltd is currently priced at 1.73, with no change in price (0.00%). The stock has underperformed its sector by 0.53% today, and while it is higher than the 20-day moving average, it remains lower than the 5-day, 50-day, 100-day, and 200-day moving averages. The stock has seen a significant decline in performance over various periods, with a 1-week return of -5.98%, a 1-month return of -13.07%, and a year-to-date return of -19.53%. The company is facing operational losses and has a high Debt to EBITDA ratio of 6.94 times, indicating a weak ability to service its debt. Additionally, the stock has generated a return of -38.87% over the past year, with profits falling by 82.4%, contributing to its classification as a strong sell.
In the broader market context, the Sensex has shown a positive return of +1.56% over the past week, contrasting sharply with Karnavati Finance's negative performance. The stock has consistently underperformed against the benchmark over the last three years, which is evident from its returns of -38.87% in the last year compared to the Sensex's -0.46%. This persistent underperformance, coupled with falling investor participation and liquidity concerns, suggests a challenging environment for Karnavati Finance Ltd, further exacerbating its stock price decline.