Why is Lakhotia Poly. falling/rising?

As of 10-Jul, Lakhotia Polyesters (India) Ltd is experiencing a decline in its stock price, currently at Rs 41.05, which represents a decrease of 1.2 or 2.84%. Today's price summary indicates that the stock underperformed its sector by 2.54% and opened with a significant loss of 4.99%. After two days of consecutive gains, the stock has reversed its trend, touching an intraday low of Rs 40.14. Despite this downturn, the stock has shown strong performance over the past year, generating a return of 16.95%, which is notably higher than the market's return of 1.46%. However, the company faces challenges, including operating losses and a high Debt to EBITDA ratio, which contribute to its weak long-term fundamental strength.
In the broader market context, Lakhotia Polyesters has outperformed the benchmark Sensex in the short term, with a 1-week return of 5.39% compared to a slight decline of 0.06% for the index. Despite the recent price drop, the stock remains above its moving averages, indicating some underlying strength. However, the falling investor participation, evidenced by an 86.18% drop in delivery volume, suggests a lack of confidence among investors. The company's reported operating losses and negative EBITDA further complicate its outlook, making it a risky investment despite its recent positive quarterly results.