Why is Keerthi Indus falling/rising?

As of 22-Aug, Keerthi Industries Ltd is currently priced at 67.16, reflecting a slight increase of 0.14 (0.21%). The stock has recently hit a new 52-week low of Rs.62.2 and has shown a trend reversal by gaining after four consecutive days of decline. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has underperformed significantly, with a return of -9.24%, while the Sensex has gained 0.88%. The company's fundamentals are weak, highlighted by a staggering -217.26% CAGR growth in operating profits over the last five years and a negative EBITDA, which raises concerns about its financial health. Additionally, 44.65% of promoter shares are pledged, which can exert further downward pressure on the stock in a declining market.
In the broader market context, Keerthi Industries has consistently underperformed against the benchmark, with a year-to-date return of -23.68% compared to the Sensex's 4.05% gain. The cement sector, in which the company operates, has also faced challenges, with a decline of -2.36%. The weak investor participation, evidenced by a 90.21% drop in delivery volume, further reflects a lack of confidence in the stock. Despite today's slight uptick, the overall negative sentiment surrounding the company's financial performance and market conditions suggests that the stock remains under pressure.