Why is Kotyark Indust. falling/rising?

As of 09-Jul, Kotyark Industries Ltd is experiencing a decline in its stock price, currently at Rs. 261.50, which reflects a decrease of Rs. 8.35 or 3.09%. The stock has hit a new 52-week low of Rs. 256.35 today and has underperformed its sector by 2.77%. Over the past week, the stock has seen a significant drop of 21.06%, and its year-to-date performance shows a staggering decline of 71.86%. Despite a high dividend yield of 5.07%, the stock's performance is hindered by falling investor participation, with delivery volume down by 29.84% compared to the 5-day average. The company's high management efficiency and healthy long-term growth in net sales and operating profit are overshadowed by a substantial drop in profits of 37% over the past year and a high debt-to-equity ratio, contributing to its negative performance.
In the broader market context, while the Sensex has shown a slight increase of 0.09% over the past week, Kotyark Industries has significantly lagged behind, indicating a stark contrast in performance. The stock's returns have underperformed the benchmark indices over various time frames, including a 72.17% decline over the past year compared to the Sensex's 4.27% increase. This underperformance, coupled with the company's flat results and high debt levels, suggests that investor confidence is waning, leading to the stock's continued decline in value.