Why is Karnavati Financ falling/rising?

As of 23-Sep, Karnavati Finance Ltd's stock price is currently at 1.73, reflecting a decrease of 0.03 or 1.7%. The stock has underperformed its sector today by 1.45% and has experienced a trend reversal, falling after five consecutive days of gains. In terms of returns, the stock has shown a decline of 2.26% over the past month and a significant drop of 40.34% over the past year, indicating consistent underperformance against the benchmark. The company is facing operational challenges, including high debt levels relative to its earnings and a low return on equity, which contribute to its weak long-term fundamental strength. Additionally, the delivery volume has decreased significantly, suggesting falling investor participation.
Broader market context shows that while the Sensex has gained 0.98% over the past month, Karnavati Finance Ltd has not only lagged behind but has also shown a negative return of 19.53% year-to-date compared to the benchmark's positive performance of 5.07%. This consistent underperformance over the last three years, coupled with a negative EBITDA and a substantial decline in profits, positions the stock as risky and unattractive to investors. The overall market sentiment appears to be unfavorable for Karnavati Finance Ltd, contributing to its declining stock price.