Why is Katare Spinning falling/rising?

As of 08-Jul, Katare Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs. 157.80, which reflects a decrease of Rs. 2.1 or 1.31%. The stock has hit a new 52-week low of Rs. 145 today, opening with a loss of 6% and reaching an intraday low of Rs. 145, marking a significant drop of 9.32%. The stock has underperformed its sector by 3.14% today, and the delivery volume has decreased by 69.59% compared to the 5-day average, indicating falling investor participation. Over the past month, the stock has declined by 8.76%, and its year-to-date performance shows a substantial drop of 26.26%. The company is facing operational challenges, with reported operating losses and a negative return on capital employed (ROCE), which contributes to its weak long-term fundamental strength.
In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, contrasting with Katare Spinning's 2.47% gain during the same period. However, the stock has consistently underperformed against the benchmark over the last three years, with a staggering 30.18% decline in the past year compared to the Sensex's 4.69% increase. This consistent underperformance, coupled with high debt levels and negative EBITDA, positions the stock as risky and contributes to its current downward trend. The overall market sentiment appears to be cautious, particularly for stocks like Katare Spinning that are struggling with fundamental issues.