Why is KIOCL falling/rising?

As of 22-Aug, KIOCL Ltd's stock price is currently at 432.40, reflecting a decline of 12.65 points or 2.84%. Today's performance indicates that the stock has underperformed its sector by 1.58%, following a trend reversal after four consecutive days of gains. The stock reached an intraday low of Rs 424.05, which is a decrease of 4.72%. Despite this decline, KIOCL has shown strong returns over the past three years, with a 127.52% increase, and has consistently outperformed the BSE500 in the last three annual periods. However, the company has reported negative results for the last six consecutive quarters, with significant operating losses and a weak ability to service its debt, which may contribute to the recent price drop.
In the broader market context, KIOCL's short-term return over the past week is +31.43%, significantly outperforming the Sensex, which only increased by 0.88%. This stark contrast highlights the stock's volatility and investor interest, as evidenced by a 215.85% increase in delivery volume on August 21. However, the overall sentiment may be tempered by the company's weak long-term fundamentals, including a negative EBITDA and low profitability per unit of shareholders' funds, which could deter potential investors and impact future price movements.