Why is Kritika Wires falling/rising?

As of 24-Jul, Kritika Wires Ltd is experiencing a decline in its stock price, currently at 9.54, reflecting a decrease of 0.08 or 0.83%. The stock has underperformed its sector by 0.85% today, and its delivery volume has fallen by 22.96% compared to the 5-day average, indicating reduced investor participation. Over the past week, the stock has decreased by 2.75%, and it has shown a significant decline of 51.43% over the past year, while the broader market has generated a return of 2.66%. The company's financial health is concerning, with operating losses and a high Debt to EBITDA ratio of 3.43 times, which suggests a low ability to service debt. Additionally, the stock is trading at a discount compared to its peers, but its profitability remains low, with a Return on Capital Employed of only 3.6%.
In the broader market context, the stock's performance has lagged behind the benchmark, with a year-to-date return of -16.39% compared to the Sensex's positive return of 5.99%. This underperformance is compounded by the company's weak long-term fundamentals, as indicated by its operating losses and declining profits. Despite a strong performance over the past three and five years, the recent trends suggest that investor confidence is waning, leading to a downward movement in the stock price. The flat results reported for the latest six months further highlight the challenges faced by the company, contributing to the overall negative sentiment surrounding its stock.