Why is KIC Metaliks falling/rising?

As of 17-Sep, KIC Metaliks Ltd is experiencing a decline in its stock price, currently at 33.49, which reflects a decrease of 0.5 or 1.47%. The stock has underperformed its sector by 2.25% today and has fallen after three consecutive days of gains. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 79.04% compared to the 5-day average, suggesting a lack of investor interest. The company has reported negative results for the last three consecutive quarters, with a substantial decline in operating profits and net sales, contributing to its weak long-term fundamentals.
In the broader market context, KIC Metaliks has underperformed against the Sensex, with a 1-week return of -0.92% compared to the benchmark's +1.56%. Over the past year, the stock has generated a return of -24.74%, while the Sensex has remained relatively flat at -0.46%. This underperformance is compounded by the company's high debt-to-EBITDA ratio and low return on equity, which signal financial instability. The overall market conditions appear to favor other stocks, as evidenced by the Sensex's positive performance, further highlighting the challenges faced by KIC Metaliks.