Why is Katare Spinning falling/rising?

As of 16-Jul, Katare Spinning Mills Ltd's stock price is currently at Rs 152.90, reflecting an increase of Rs 3.65 or 2.45%. The stock has shown a trend reversal, gaining after four consecutive days of decline, and it outperformed its sector by 1.92% today. However, despite this short-term uptick, the stock has underperformed significantly over the past week, with a decline of 4.26%, and a more substantial drop of 28.55% year-to-date. The company has been facing operational challenges, including reported operating losses and a negative return on capital employed (ROCE), which has contributed to its weak long-term fundamental strength. Additionally, the stock is trading below all its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 14.21% against the five-day average.
In the broader market context, while the Sensex has shown a slight positive return of 1.02% over the past month, Katare Spinning's performance has been markedly negative, with a decline of 8.93% in the same period. This consistent underperformance against the benchmark, coupled with high debt levels and negative EBITDA, positions the stock as risky compared to its historical valuations. The company's majority shareholders being non-institutional may also impact its stability and investor confidence. Overall, while there is a minor rebound in the stock price today, the underlying financial issues and broader market trends suggest a challenging environment for Katare Spinning Mills Ltd.