Why is KIC Metaliks falling/rising?

As of 24-Jul, KIC Metaliks Ltd's stock price is currently at 34.76, reflecting a decrease of 0.24, or 0.69%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 3.39% during this period. In terms of longer-term performance, the stock has shown significant underperformance against the benchmark, with a year-to-date return of -16.24% compared to the Sensex's +5.18%. The company's financial health is concerning, as it has reported operating losses and a high Debt to EBITDA ratio of 8.75 times, indicating a weak ability to service its debt. Additionally, the stock has generated a return of -22.74% over the past year, while profits have plummeted by 367.1%, further contributing to its negative outlook.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has declined by 6.98% over the past week while the Sensex has remained relatively flat with a change of -0.09%. The trading activity in the sector has also decreased by 2%, and there has been a notable drop in investor participation, with delivery volume falling by 73.3% compared to the five-day average. This lack of liquidity and declining interest from investors adds to the stock's challenges, reinforcing the perception of KIC Metaliks as a risky investment. Overall, the combination of poor financial results, significant underperformance against benchmarks, and declining market interest contributes to the stock's downward movement.