Why is Kshitij Polyline falling/rising?

As of 17-Jul, Kshitij Polyline Ltd is currently priced at 3.30, reflecting an increase of 0.02 or 0.61%. Despite this slight uptick, the stock has been underperforming significantly, with a 1-month return of -11.05% and a year-to-date decline of -30.67%. Today's price summary indicates that the stock is trading below all key moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 27.24% against the 5-day average. The company's financial health is concerning, as it has reported operating losses and negative results for the last three consecutive quarters, leading to a weak long-term fundamental strength characterized by a high Debt to EBITDA ratio and a drastic decline in operating profit.
In the broader market context, Kshitij Polyline's short-term performance contrasts sharply with the benchmark, as the Sensex has gained 1.04% over the past month while Kshitij Polyline has lost over 11%. This consistent underperformance against the benchmark over the last three years, coupled with a staggering annual profit decline of 525%, indicates a troubling outlook for the stock. The majority of shareholders being non-institutional further adds to the volatility and risk associated with the stock, making it a risky investment choice in the current market environment.