Why is Lexoraa Ind falling/rising?

As of 24-Sep, Lexoraa Industries Ltd's stock price is currently at 16.50, reflecting a decrease of 0.6, or 3.51%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 8.28% during this period. Over the past week, the stock has decreased by 6.78%, while it has shown a more favorable performance over the last month with a gain of 13.01%. Despite the recent decline, there is a notable increase in promoter confidence, as they have raised their stake in the company by 0.51%, indicating a belief in the company's future. However, the company faces challenges with a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, Lexoraa Industries Ltd has significantly underperformed compared to the benchmark, with a one-year return of -29.31% against the Sensex's -3.77%. This stark contrast highlights the stock's struggles relative to the overall market, particularly as the company has shown poor long-term growth and negative EBITDA. While the stock's recent performance has been bolstered by rising investor participation, as evidenced by a 111.92% increase in delivery volume, the overall sentiment remains cautious due to the company's financial weaknesses and the broader market's more stable performance.