Why is Laffans Petroch falling/rising?

As of 23-Sep, Laffans Petrochemicals Ltd is experiencing a decline in its stock price, currently at Rs 35.98, which reflects a decrease of Rs 1.82 or 4.81%. The stock has underperformed its sector by 4.25% today, following a trend reversal after four consecutive days of gains. It reached an intraday low of Rs 35.01, indicating a significant drop of 7.38%. Additionally, the stock has shown a negative performance over the past week with a decline of 2.55%, while its year-to-date performance is down by 34.58%. The company is facing operating losses, a weak ability to service its debt, and has reported negative returns on capital employed (ROCE), contributing to its recent price movement.
In the broader market context, Laffans Petrochemicals Ltd's short-term performance has been notably worse than the benchmark, with the Sensex only declining by 0.34% over the same week. The stock's long-term performance has also been concerning, with a consistent underperformance against the BSE500 over the last three years. The company's financial health is further highlighted by a poor EBIT to interest ratio of -2.97 and a significant drop in profits, which have fallen by 48.5% over the past year. These factors collectively indicate a challenging environment for the stock, leading to its current downward trajectory.