Why is KIC Metaliks falling/rising?

As of 23-Jul, KIC Metaliks Ltd is experiencing a decline in its stock price, currently at 35.00, which reflects a decrease of 0.6 or 1.69%. The stock has underperformed its sector by 1.71% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 2.72% during this period. Additionally, the stock's performance over the past year shows a significant decline of 20.45%, with consistent underperformance against the benchmark indices over the last three years. The company is facing operational challenges, including a high Debt to EBITDA ratio of 8.75 times, which indicates a low ability to service its debt. Recent financial results have also been negative, with a reported operating loss and a substantial decline in profits.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, as it has fallen by 3.45% over the past week while the Sensex has seen a slight increase of 0.11%. This trend of underperformance is further emphasized by the stock's year-to-date decline of 15.66%, contrasting sharply with the Sensex's gain of 5.87%. The falling investor participation, evidenced by a significant drop in delivery volume, coupled with the company's weak long-term fundamentals, suggests that investor confidence is waning, contributing to the stock's ongoing decline.