Why is Kshitij Polyline falling/rising?

As of 16-Jul, Kshitij Polyline Ltd is experiencing a decline in its stock price, currently at 3.28, reflecting a decrease of 0.02 or 0.61%. The stock has underperformed its sector today by 0.6%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Over the past week, the stock has decreased by 1.20%, and it has shown significant long-term underperformance, with a year-to-date decline of 31.09% and a staggering 57.12% drop over the past year. The company has reported negative results for the last three consecutive quarters, with a significant operating profit decline of 6072.41%, contributing to its weak long-term fundamental strength and high debt-to-EBITDA ratio, which further exacerbates investor concerns.
In the broader market context, Kshitij Polyline's performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE500 over the last three years. While the Sensex has shown a positive return of 6.63% year-to-date, Kshitij Polyline's substantial losses highlight its struggles in a generally improving market. The stock's liquidity appears adequate, with a notable increase in delivery volume, but the overall negative sentiment surrounding its financial health and operational losses continues to drive the stock price down.