Why is Loyal Textile falling/rising?

As of 23-Jun, Loyal Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 282.65, which reflects a decrease of Rs 8.2 or 2.82%. The stock has underperformed its sector by 3.35% today and has been on a downward trend, falling for the last two days with a total return of -3.48%. It opened with a loss of 2.01% and reached an intraday low of Rs 282.65. Over the past week, the stock has seen a decline of 5.53%, and its year-to-date performance shows a significant drop of 17.16%. The company has reported negative results for the last seven consecutive quarters, with a PAT of Rs -49.88 crore and a net sales figure of Rs 145.72 crore, indicating ongoing operational challenges. Additionally, the high Debt to EBITDA ratio of 8.51 times and a low average Return on Equity of 7.96% further highlight the company's weak financial fundamentals.
In the broader market context, the stock's performance has been consistently poor compared to the benchmark, with a one-year return of -51.10% against a positive return of 6.07% for the Sensex. This consistent underperformance over the last three years suggests that investor confidence is waning, particularly given the company's inability to generate profits and service its debt effectively. While there has been a slight increase in investor participation, as indicated by a 53.73% rise in delivery volume, the overall sentiment remains negative due to the company's operational losses and high-risk profile.