Why is Karnavati Financ falling/rising?

As of 24-Sep, Karnavati Finance Ltd is experiencing a decline in its stock price, currently at 1.72, reflecting a decrease of 0.01 or 0.58%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 2.27%. In terms of returns, the stock has shown a negative performance of 2.82% over the past month and a significant drop of 20.00% year-to-date. Additionally, the company has reported operating losses and a high Debt to EBITDA ratio of 5.58 times, indicating a weak long-term fundamental strength. The stock's profitability is low, with an average Return on Equity of only 1.49%. Furthermore, the delivery volume has decreased significantly, falling by 81.89% against the 5-day average, suggesting reduced investor participation.
In the broader market context, the stock has outperformed its sector by 0.39% today, but this is overshadowed by its overall underperformance against the benchmark, as it has consistently lagged behind the BSE500 over the last three years. While the Sensex has gained 0.50% in the past month, Karnavati Finance's decline of 2.82% highlights its struggles in comparison to the broader market. The stock's performance over the past year shows a staggering drop of 39.44%, contrasting sharply with the Sensex's decline of only 3.77%. This consistent underperformance, coupled with the company's financial challenges, contributes to the negative sentiment surrounding the stock.