Why is Lexoraa Ind falling/rising?

As of 27-Jun, Lexoraa Industries Ltd is currently priced at 15.90, reflecting a decline of 0.25, or 1.55%. The stock has recently underperformed its sector by 2.43% and has experienced a trend reversal, falling after three consecutive days of gains. Despite a strong performance over the past week and month, with returns of 13.09% and 14.88% respectively, the stock has significantly underperformed on a year-to-date basis, down 24.82%, and over the past year, down 45.15%. The company is facing challenges, including a negative book value and high debt levels, which contribute to its weak long-term fundamental strength. Additionally, a notable decrease in investor participation, with delivery volume dropping by 60.04% from the 5-day average, suggests waning interest in the stock.
In the broader market context, while the Sensex has shown a positive return of 7.58% year-to-date, Lexoraa Industries Ltd has lagged significantly behind, indicating a stark contrast in performance. The stock's negative returns over the past year, coupled with flat financial results and a negative EBITDA, highlight its struggles compared to the overall market. This underperformance, alongside the company's high debt-to-equity ratio and stagnant sales growth, positions Lexoraa Industries Ltd as a risky investment, further contributing to the downward pressure on its stock price.