Why is KIOCL falling/rising?

As of 26-Aug, KIOCL Ltd's stock price is currently at Rs 411.55, reflecting a decline of Rs 11.35 or 2.68%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 7.53% during this period. Today's trading saw the stock touch an intraday low of Rs 407.05, and it has been trading lower than the sector average, which has decreased by 0.74%. Despite a strong performance over the past month with a return of 20.88%, the company faces significant challenges, including operating losses and negative results over the last six quarters, which have contributed to a weak long-term fundamental strength. The company's ability to service its debt is also concerning, with a poor EBIT to Interest ratio and a low return on equity, indicating low profitability.
In the broader market context, KIOCL's recent performance contrasts with the benchmark Sensex, which has declined by only 1.05% over the past week. While KIOCL has shown a positive return of 2.58% in the same timeframe, the overall sentiment is negative due to the company's ongoing financial struggles and falling investor participation, as evidenced by a significant drop in delivery volume. The mining and minerals sector's decline of 2.1% further compounds the challenges faced by KIOCL, suggesting that the stock's recent price movement is influenced by both company-specific issues and broader sector trends.