Why is Kritika Wires falling/rising?

As of 25-Jul, Kritika Wires Ltd is experiencing a decline in its stock price, currently at 9.33, which reflects a decrease of 0.21 or 2.2%. The stock has underperformed its sector by 0.4% today and is trading below all its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has dropped by 4.01%, and it has seen a significant decline of 52.28% over the past year, indicating a troubling trend. Additionally, the company has reported a decrease in delivery volume by 26.71% compared to the 5-day average, suggesting a lack of investor interest. The company's financials reveal an operating loss and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength and low profitability.
In the broader market context, while the Sensex has shown a slight decline of 0.53% over the past week, Kritika Wires' performance has been notably worse, indicating a significant underperformance relative to the benchmark. The stock's year-to-date performance is particularly concerning, with a drop of 18.23%, contrasting sharply with the Sensex's gain of 5.04%. This disparity highlights the challenges faced by Kritika Wires, including a high debt burden and declining profitability, which have led to a lack of investor confidence and a negative outlook compared to the overall market.