Why is Katare Spinning falling/rising?

As of 07-Jul, Katare Spinning Mills Ltd's stock price is currently at 159.90, reflecting an increase of 3.0, or 1.91%. Today's performance indicates that the stock opened with a gain of 3.89% and reached an intraday high of Rs 163. However, it also experienced a low of Rs 153, suggesting volatility within the trading day. Despite today's positive movement, the stock has shown a significant decline over the past year, with a return of -31.96%, and has underperformed against the benchmark BSE500 consistently over the last three years. The company is facing challenges such as operating losses, a high debt-to-equity ratio, and negative EBITDA, which contribute to its weak long-term fundamental strength and risk profile.
In the broader market context, the stock has outperformed the sector by 2.57% today, while the benchmark Sensex has seen a slight decline of 0.20% over the past week. However, over the past month, Katare Spinning Mills has underperformed with a return of -7.55%, contrasting with the Sensex's gain of 1.53%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume indicates falling investor participation, which may hinder future price stability. Overall, while there are short-term gains, the long-term outlook remains concerning due to the company's financial struggles and consistent underperformance against market benchmarks.