Why is Kesoram Inds. falling/rising?

As of 22-Sep, Kesoram Industries Ltd is experiencing a decline in its stock price, currently at 6.08, which reflects a decrease of 0.27 or 4.25%. The stock has underperformed its sector by 4.57% today and has seen a trend reversal after five consecutive days of gains. Despite a positive performance over the past week and month, with returns of 16.03% and 17.37% respectively, the stock has suffered significantly over the year, with a staggering decline of 97.26%. The company is facing operational challenges, including high debt levels and negative EBITDA, which contribute to its weak long-term fundamentals. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 54.66% against the five-day average, indicating waning interest among investors.
In the broader market context, while Kesoram Industries has shown some short-term gains, it has significantly lagged behind the benchmark Sensex, which has only increased by 0.46% over the past week. The company's long-term performance is concerning, with a 97.21% decline year-to-date compared to a 5.15% increase in the Sensex. Institutional investors have also reduced their stakes by 9.72% in the last quarter, reflecting a lack of confidence in the company's future prospects. Overall, the combination of operational losses, high debt, and declining investor interest has led to the stock's current downward trajectory.