Why is Kesoram Inds. falling/rising?

As of 11-Aug, Kesoram Industries Ltd's stock price is currently at 5.12, reflecting an increase of 0.1 or 1.99%. Today's performance indicates a slight upward movement, as the stock has outperformed its sector by 0.54% and has gained after five consecutive days of decline. However, despite this recent uptick, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Over the past week, Kesoram has seen a decline of 5.54%, and its year-to-date performance shows a staggering drop of 97.65%. The company is facing significant challenges, including operating losses, a high debt-to-equity ratio of 7.87, and a negative EBITDA, which collectively contribute to its weak long-term fundamental strength. Institutional investors have also reduced their stakes, indicating a lack of confidence in the company's future prospects.
In the broader market context, Kesoram's recent performance contrasts sharply with the benchmark, as it has underperformed significantly over the past year, with a return of -97.53% compared to the BSE500's decline of only -1.85%. This stark difference highlights the stock's struggles relative to the overall market. The falling participation from institutional investors, who typically have more resources to analyze company fundamentals, further exacerbates concerns about Kesoram's viability. Overall, while there is a minor rebound in the stock price today, the underlying issues and poor performance metrics suggest that the stock remains under significant pressure.