Why is Kesoram Inds. falling/rising?

As of 30-Jul, Kesoram Industries Ltd is experiencing a decline in its stock price, currently at 5.55, reflecting a decrease of 0.11 or 1.94%. The stock has underperformed its sector by 2.48% today and has been on a consecutive downward trend for the last five days, resulting in a total return of -7.65% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company is facing significant challenges, including operating losses, a high debt-to-equity ratio of 7.87 times, and poor long-term growth, with net sales declining at an annual rate of -36.32%. Furthermore, institutional investors have reduced their stakes by 9.72%, indicating a lack of confidence in the company's fundamentals.
In the broader market context, Kesoram Industries has significantly underperformed compared to the benchmark, with a staggering year-to-date return of -97.45% against the Sensex's positive return of 4.28%. While the overall market has seen a slight decline of -2.34% over the past year, Kesoram's performance has been drastically worse, highlighting the stock's volatility and risk. The company's recent financial results, including a negative EBITDA and a return on capital employed at an alarming low of -882.26%, further emphasize its struggles, contributing to the lack of investor participation and confidence in the stock's future prospects.