Why is Kritika Wires falling/rising?

As of 29-Sep, Kritika Wires Ltd is experiencing a decline in its stock price, currently at 8.24, reflecting a decrease of 0.56 or 6.36%. The stock has underperformed significantly, with a performance today that is 6.17% lower than its sector. It is trading below its moving averages across all time frames, indicating a bearish trend. Over the past week, the stock has dropped by 10.53%, and its year-to-date return stands at a negative 27.78%. Additionally, the company has seen a decrease in investor participation, with delivery volume falling by 27.84% compared to the five-day average. The stock's fundamentals are weak, highlighted by a 58.09% decline in returns over the past year and a 16.2% drop in profits.
In the broader market context, while the Sensex has shown a slight increase of 0.85% over the past month, Kritika Wires has continued to struggle, reflecting a stark contrast in performance. The stock's long-term fundamentals are concerning, with a negative CAGR growth in operating profits and a high Debt to EBITDA ratio, which indicates low profitability and a weak ability to service debt. Despite trading at a discount compared to its peers, the overall negative sentiment surrounding the stock, driven by poor financial results and underperformance relative to the BSE500, contributes to its current downward trajectory.