Why is Kriti Industries falling/rising?

As of 29-Aug, Kriti Industries (India) Ltd is experiencing a decline in its stock price, currently at Rs 131.35, which reflects a decrease of Rs 2.6 or 1.94%. The stock has underperformed its sector by 2.4% today and has been on a downward trend, losing 7.07% over the last two days. It has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. Additionally, the company's recent financial performance has been poor, with negative results reported for the last four consecutive quarters, including significant declines in profit before tax and net sales. While there has been a slight increase in promoter confidence with a 0.98% stake increase, the overall outlook remains negative due to weak debt servicing capabilities and a poor long-term growth trajectory.
In the broader market context, Kriti Industries has underperformed compared to the Sensex, with a 1-week return of -8.15% against the benchmark's -1.84%, and a 1-month return of -20.39% compared to -1.88% for the Sensex. This trend reflects a broader struggle for the stock, which has generated a return of -42.53% over the past year, while the Sensex has only declined by 2.83%. The significant drop in investor participation, as evidenced by a 66.89% decrease in delivery volume, further underscores the lack of confidence among investors in the stock's future performance. Overall, the combination of poor financial results, weak growth prospects, and underperformance relative to the market contributes to the stock's current downward trajectory.