Why is Katare Spinning falling/rising?

As of 30-Jun, Katare Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs 152.00, which represents a decrease of 6.95 or 4.37%. The stock opened with a gain of 3.81% today but subsequently fell to an intraday low of Rs 152, indicating significant volatility. Over the past week, the stock has underperformed, showing a return of -3.34%, and it has also seen a substantial decline of 28.97% year-to-date. The company has reported operating losses and has a weak long-term fundamental strength, with net sales declining at an annual rate of -30.39% and a high debt-to-equity ratio of 7.91 times. Furthermore, the stock has consistently underperformed against the benchmark, generating a return of -33.64% over the past year.
In the broader market context, the Sensex has shown positive movement, with a return of +2.09% over the past week and +7.00% year-to-date, contrasting sharply with Katare Spinning's performance. This divergence highlights the company's struggles relative to the overall market, as it has underperformed the BSE 500 in each of the last three annual periods. The stock's liquidity appears sufficient for trading, but the negative sentiment surrounding its operating losses and poor growth prospects continues to weigh heavily on its price movement.