Why is Kimia Bioscien. falling/rising?

As of 19-Aug, Kimia Biosciences Ltd is experiencing a decline in its stock price, currently at Rs 39.90, which represents a decrease of 1.36 or 3.3%. The stock has underperformed its sector by 3.17% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 7.21%. It opened with a loss of 2.42% and reached an intraday low of Rs 39.65. Additionally, the stock has shown significant underperformance over various periods, with a 1-month return of -44.97% and a year-to-date decline of -12.60%. The company is facing substantial challenges, including a high debt-to-equity ratio of 11.22 times and a significant drop in net sales and profit after tax, which fell by 20.7% and 75.0% respectively compared to previous quarters. In the broader market context, the Sensex has increased by 1.76% over the past week, contrasting sharply with Kimia's 1-week decline of 1.60%. This indicates that while the overall market is performing positively, Kimia Biosciences is struggling significantly. The company's weak long-term fundamentals, characterized by a negative growth rate in operating profit and low profitability per unit of capital, further exacerbate its stock performance. Despite a slight increase in investor participation, the overall sentiment remains negative due to the company's poor financial health and underperformance relative to its peers.