Why is KIOCL falling/rising?

As of 08-Aug, KIOCL Ltd's stock price is currently at 345.50, reflecting a decline of 25.0 points or 6.75%. The stock has underperformed its sector by 6.17% today, reaching an intraday low of Rs 339, which is an 8.5% drop. The trading volume has significantly decreased, with delivery volume falling by 83.39% compared to the five-day average. Over the past week, the stock has declined by 4.47%, while it has shown a more substantial drop of 15.53% over the past year. The company has reported negative results for the last five consecutive quarters, with a significant operating loss and a negative EBITDA, indicating weak long-term fundamental strength and low profitability.
In the broader market context, KIOCL's performance contrasts sharply with the benchmark, as the Sensex has only declined by 0.92% over the past week. The stock's year-to-date performance is also concerning, with a decline of 13.59%, while the Sensex has gained 2.20% in the same period. The lack of confidence from domestic mutual funds, which hold only 0.01% of the company, further underscores the market's apprehension regarding KIOCL's financial health and future prospects. Overall, the combination of poor financial results, declining investor participation, and significant underperformance relative to the benchmark contributes to the stock's current downward trajectory.