Why is Konark Synth falling/rising?

As of 26-Sep, Konark Synthetic Ltd's stock price is currently at Rs 34.15, reflecting a decline of 1.79 (-4.98%). The stock has underperformed its sector by 3.09% today and has experienced a consecutive fall over the last two days, resulting in a total drop of 6.87% during this period. The stock opened with a loss of 4.98% and has not traded above this price throughout the day. Additionally, the stock has shown weak performance over the past year, with a return of -36.51%, significantly worse than the market's decline of -6.30%. The company's fundamentals are concerning, with a low Return on Capital Employed (ROCE) of 3.5 and a high Debt to EBITDA ratio, indicating poor long-term growth potential and a low ability to service debt.
In the broader market context, while the Sensex has shown a slight decline of 2.66% over the past week, Konark Synthetic Ltd's performance has been notably worse, with a weekly drop of 1.90%. This trend of underperformance is consistent with the stock's year-to-date return of -2.71%, contrasting sharply with the Sensex's positive return of 2.93% during the same period. The stock's liquidity is also a concern, as evidenced by a significant drop in delivery volume, which has decreased by 70.95% against the five-day average. Overall, the combination of weak financial fundamentals, poor recent performance, and declining investor participation has contributed to the stock's downward trajectory.