Why is Kati patang Life falling/rising?

As of 16-Sep, Kati Patang Lifestyle Ltd's stock price is currently at Rs 20.96, reflecting a decrease of Rs 1.02 or 4.64%. Today's price summary indicates that the stock has underperformed its sector by 5.48% and has fallen after two consecutive days of gains. It opened with a loss of 2.05% and experienced significant volatility, trading within a wide range of Rs 2.22. Despite a notable increase in delivery volume by 284.3% on September 15, the stock is trading below all key moving averages, indicating a bearish trend. The company's recent financial performance shows a substantial growth in net sales but is overshadowed by ongoing operating losses and a weak long-term fundamental strength, which contributes to the stock's decline. In the broader market context, Kati Patang's short-term performance over the past week shows a gain of 1.21%, which is lower than the Sensex's increase of 1.58%. While the stock has performed well year-to-date with a return of 43.76% compared to the Sensex's 5.43%, the negative factors, including a poor EBIT to interest ratio and a significant drop in profits over the past year, create a risky investment environment. This combination of short-term underperformance against the benchmark and long-term financial instability is likely contributing to the stock's current downward movement.