Why is Loyal Textile falling/rising?

As of 25-Jun, Loyal Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 283.00, which represents a decrease of Rs 13.5 or 4.55%. The stock has underperformed significantly, with a performance today that is down 5.71% compared to its sector. It opened with a loss of 3.2% and reached an intraday low of Rs 283. The stock has shown a negative trend over various periods, with a year-to-date return of -17.06% and a staggering -52.67% over the past year. The company has reported operating losses and has declared negative results for the last seven consecutive quarters, which has contributed to its weak long-term fundamental strength. Additionally, the high Debt to EBITDA ratio of 8.51 times indicates a low ability to service debt, further impacting investor confidence.
In the broader market context, the stock's performance has been notably poor compared to the benchmark, with the Sensex gaining 5.91% year-to-date while Loyal Textile has lost 17.06%. Over the last three years, the stock has consistently underperformed against the benchmark, generating returns of -71.05% compared to the Sensex's 56.95%. This consistent underperformance, coupled with the company's declining profitability and negative EBITDA, has made the stock a risky investment, leading to its current downward price movement.