Why is KIOCL falling/rising?

As of 17-Nov, KIOCL Ltd's stock price is currently at 374.15, reflecting a decrease of 9.05, or 2.36%. The stock has been underperforming, having fallen for the last three days with a total decline of 5.09%. It opened the day with a loss of 2.11% and reached an intraday low of Rs 366.6, which is a drop of 4.33%. The stock's performance over the past week shows a decline of 3.27%, and over the past month, it has decreased by 16.10%. Despite a recent declaration of positive results after six consecutive negative quarters, the company still faces challenges, including operating losses and a weak ability to service its debt, which contribute to its current downward trend.
In the broader market context, KIOCL's recent performance contrasts sharply with the Sensex, which has gained 1.69% over the past week and 1.19% over the past month. This significant underperformance indicates that while the overall market is experiencing growth, KIOCL is struggling. The company's weak long-term fundamental strength, highlighted by a low return on equity and minimal domestic mutual fund investment, further exacerbates investor concerns, leading to a lack of confidence in the stock's future performance.