Why is Kotyark Indust. falling/rising?

As of 15-Jul, Kotyark Industries Ltd is experiencing a decline in its stock price, currently at Rs. 213.05, which represents a decrease of 11.2 points or 4.99%. The stock has hit a new 52-week low today and has underperformed its sector by 5.82%. Over the past week, the stock has dropped by 21.05%, and its year-to-date performance shows a significant decline of 77.07%. The company has also seen a drastic fall in investor participation, with delivery volume plummeting by 88.2% compared to the 5-day average. Despite a high dividend yield of 6.4%, the stock's performance has been marred by a 37% drop in profits over the past year, alongside a high debt-to-equity ratio, which raises concerns about its financial stability.
In the broader market context, while the Sensex has shown a slight increase of 1.93% over the past month, Kotyark Industries has significantly lagged behind, reflecting its poor performance relative to the benchmark. The stock's long-term returns have also been disappointing, generating a return of -76.63% over the last year and underperforming the BSE500 index in various time frames. This combination of high debt, declining profits, and underperformance against the market has contributed to the stock's downward trajectory, indicating a challenging outlook for investors.