Why is KIC Metaliks falling/rising?

As of 30-Jul, KIC Metaliks Ltd is experiencing a decline in its stock price, currently at 34.25, which reflects a decrease of 0.25 or 0.72%. The stock has underperformed its sector by 1.33% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 78.69% compared to the 5-day average. Over the past year, the stock has generated a return of -25.54%, which is considerably worse than the broader market's performance, as indicated by the BSE500's return of -2.34%. The company is also facing operational challenges, including high debt levels and negative operating profits, which contribute to its weak long-term fundamental strength.
In the broader market context, KIC Metaliks' short-term performance has been notably poor, with a 1-week return of -2.14% compared to the Sensex's decline of only 1.50%. This underperformance is further highlighted by the company's operating losses and a high Debt to EBITDA ratio of 8.75 times, indicating a low ability to service its debt. The negative results reported for the latest six months, including a significant drop in profit before tax and net sales, further exacerbate the stock's decline. Overall, the combination of weak financial performance, declining investor interest, and poor relative returns against the benchmark suggests that KIC Metaliks is facing significant challenges that are driving its stock price lower.