Why is KIC Metaliks falling/rising?

As of 11-Sep, KIC Metaliks Ltd is experiencing a decline in its stock price, currently at Rs 32.57, which represents a decrease of 1.23 or 3.64%. The stock has underperformed its sector by 3.35% today and has been on a consecutive downward trend for the last two days, accumulating a total decline of 5.37%. It is trading below all significant moving averages, indicating a bearish trend. Additionally, the stock has shown weak performance over various time frames, with a year-to-date return of -21.52% and a one-year return of -26.96%. The company's financial health is concerning, as it has reported negative results for the last three consecutive quarters, with a significant drop in operating profits and a high debt-to-EBITDA ratio, which further exacerbates its risk profile.
In the broader market context, KIC Metaliks' recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.03% over the past week and 4.36% year-to-date. This stark difference highlights the stock's struggle to attract investor confidence, particularly given its negative operating profits and declining sales figures. The falling investor participation, evidenced by an 83.29% drop in delivery volume compared to the five-day average, further indicates a lack of interest in the stock. Overall, the combination of poor financial results, high debt levels, and underperformance relative to the market contributes to the stock's downward trajectory.