Why is Kotyark Indust. falling/rising?

As of 10-Jul, Kotyark Industries Ltd is experiencing a decline in its stock price, currently at Rs. 248.45, which reflects a decrease of Rs. 13.05 or 4.99%. The stock has hit a new 52-week low today and has underperformed its sector by 5.32%. Over the past week, the stock has seen a significant drop of 21.05%, and its year-to-date return stands at a staggering -73.26%. Despite a high dividend yield of 5.23% and rising investor participation with a notable increase in delivery volume, the stock's performance is hindered by trading below all key moving averages. The company's profits have fallen by 37% over the past year, contributing to the negative sentiment surrounding its stock.
In the broader market context, Kotyark Industries' performance contrasts sharply with the Sensex, which has only declined by 0.20% over the past week and has a year-to-date return of 7.23%. This stark difference highlights the company's struggles, as it has consistently underperformed not only against the benchmark but also in the long term. The high debt levels and flat results reported in December 2022 further exacerbate the situation, leading to a lack of investor confidence. Overall, while there are some positive factors such as high management efficiency and healthy long-term growth rates, they are overshadowed by the stock's significant decline and poor recent performance.