Why is Kritika Wires falling/rising?

As of 24-Sep, Kritika Wires Ltd is currently priced at 9.12, reflecting a decrease of 0.06, or 0.65%. The stock has underperformed its sector today by 0.52%, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a slight decline of 0.44%, while it has managed a modest increase of 2.36% over the past month. However, the stock has experienced a significant drop of 58.84% over the past year, with a concerning trend of falling profits, which have decreased by 16.2%. The company's weak long-term fundamentals, highlighted by a negative CAGR growth in operating profits and a high Debt to EBITDA ratio, further contribute to its declining stock price.
In the broader market context, the Sensex has declined by 1.08% over the past week, indicating that the stock's short-term performance is slightly better than the benchmark. However, the stock's year-to-date performance is notably poor, with a decline of 20.07% compared to the Sensex's gain of 5.97%. The liquidity of Kritika Wires is adequate for trading, but the significant drop in delivery volume suggests a lack of investor interest. Overall, the combination of weak financial performance, high debt levels, and underwhelming returns relative to the market has led to the stock's recent decline.