Why is KIOCL falling/rising?

As of 28-Aug, KIOCL Ltd's stock price is currently at 405.20, reflecting a decline of 6.35 points or 1.54%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total return of -8.95% over the past week. Today's trading saw the stock reach an intraday high of Rs 437.6 but also dip to a low of Rs 402.4. The company has reported negative results for the last six consecutive quarters, with net sales falling by 38.29% and a negative profit after tax of Rs -74.65 crore. Additionally, the company's weak long-term fundamentals, characterized by operating losses and a poor EBIT to interest ratio, contribute to its declining stock price.
In the broader market context, KIOCL's recent performance contrasts sharply with the benchmark Sensex, which has only declined by 2.34% over the same one-week period. While KIOCL has shown a positive return of 24.05% over the past month, its current struggles highlight a significant risk, especially given the negative EBITDA and low profitability per unit of shareholders' funds. The lack of investor participation, evidenced by an 83.64% drop in delivery volume, further indicates a lack of confidence in the stock, which is reflected in its current price movement.