Why is Katare Spinning falling/rising?

As of 26-Jun, Katare Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 155.00, which reflects a decrease of Rs 10.0 or 6.06%. The stock has underperformed significantly today, with a performance that is 6.98% lower than its sector. It has been on a downward trend, falling consecutively for the last two days and recording an overall drop of 8.82% during this period. The stock opened with a gain of 5.42% today but quickly fell, reaching an intraday low of Rs 154. The company has reported operating losses and has a weak long-term fundamental strength, with a high debt-to-equity ratio of 7.91 times, contributing to its negative return on capital employed (ROCE) and overall riskiness. Additionally, the stock has consistently underperformed against the benchmark over the past three years.
In the broader market context, the stock's performance over the past week shows a decline of 8.01%, while the Sensex has increased by 2.94%. Over the last month, Katare Spinning has dropped 9.30%, contrasting with a 1.92% gain in the benchmark index. This consistent underperformance highlights the challenges faced by the company, including a significant annual decline in net sales and operating profit. The falling investor participation, with a delivery volume that has decreased by 44.95% against the five-day average, further indicates a lack of confidence among investors, contributing to the stock's downward trajectory.