Why is Lakhotia Poly. falling/rising?

As of 22-Aug, Lakhotia Polyesters (India) Ltd is experiencing a decline in its stock price, currently at Rs 36.52, which reflects a decrease of Rs 1.24 or 3.28%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 10.51% during this period. Today's trading saw the stock reach a high of Rs 40.8 and a low of Rs 34.5, indicating high volatility with an intraday range of Rs 6.3. Despite the company reporting positive results over the last four quarters, including significant growth in net sales and profits, it faces challenges such as weak long-term fundamental strength, a high debt-to-EBITDA ratio, and negative EBITDA, contributing to its recent price drop.
In the broader market context, Lakhotia Polyesters has underperformed against the benchmark, with a one-week return of -10.16% compared to the Sensex's gain of 0.88%. The stock's year-to-date performance is also negative at -8.68%, while the Sensex has risen by 4.05% during the same period. This consistent underperformance against the benchmark, coupled with the company's reported losses and negative return on equity, suggests that investor sentiment is cautious, further exacerbating the stock's decline.