Why is Katare Spinning falling/rising?

As of 28-Jul, Katare Spinning Mills Ltd is experiencing a decline in its stock price, currently at Rs. 139.00, reflecting a decrease of 1.0 (-0.71%). The stock has been underperforming recently, having fallen for four consecutive days, resulting in a total decline of 5.89% during this period. Additionally, the stock hit a new 52-week low of Rs. 135 today. Over the past week, it has decreased by 4.14%, and in the last month, it has dropped by 12.55%. The company's long-term fundamentals appear weak, with operating losses and a negative return on capital employed (ROCE), which has contributed to the stock's poor performance, including a staggering 39.59% drop over the past year.
In the broader market context, while the Sensex has shown a slight gain of 3.52% year-to-date, Katare Spinning Mills has significantly lagged behind, with a year-to-date decline of 35.05%. This consistent underperformance against the benchmark is evident over the last three years, where the stock has generated negative returns while the broader market has performed positively. The stock's trading below all major moving averages indicates a bearish trend, and despite a slight increase in investor participation, the overall sentiment remains negative due to the company's high debt levels and poor growth prospects.