Why is Lexus Granito falling/rising?

As of 28-Jul, Lexus Granito (India) Ltd is experiencing a decline in its stock price, currently at 32.30, reflecting a decrease of 1.7 or 5.0%. The stock has underperformed significantly today, with a performance lagging the sector by 4.37%. Over the past week, the stock has dropped by 5.00%, and it has shown a consistent downward trend with a year-to-date decline of 23.42%. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with a delivery volume of 0 on July 21, which is a stark 100% decrease compared to the 5-day average. The company's financial health is concerning, characterized by a high debt-to-equity ratio of 14.9 times and a debt-to-EBITDA ratio of 6.18 times, which suggests a weak ability to service its debt. The company has also reported losses, contributing to a negative return on equity.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with a 1-year return of -29.15% against a slight decline of 0.62% for the Sensex. This consistent underperformance over the last three years highlights the stock's riskiness, as it has failed to generate positive returns while the benchmark has shown resilience. The company's flat results in recent quarters, including a significant drop in net sales and a negative growth rate in profit after tax, further exacerbate investor concerns. Overall, the combination of high debt, declining sales, and persistent underperformance against the benchmark contributes to the stock's current downward trajectory.