Why is Loyal Textile falling/rising?

As of 04-Aug, Loyal Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 361.10, which reflects a decrease of Rs 10.75 or 2.89%. Today's price summary indicates that the stock opened with a gain of 5.69% but has since fallen, marking a trend reversal after two consecutive days of gains. The stock has shown high volatility today, with an intraday range between Rs 361 and Rs 393. Despite trading above its moving averages, the stock has underperformed its sector by 3.23%. Additionally, the company has reported negative results for the last seven consecutive quarters, with significant operating losses and a high debt-to-EBITDA ratio, indicating weak long-term fundamental strength and low profitability.
In the broader market context, the stock has outperformed the benchmark Sensex over the past week, gaining 6.21% compared to the benchmark's 0.16%. However, over the past month, Loyal Textile has significantly outperformed the Sensex, with a return of 20.87% against the benchmark's decline of 2.89%. Despite this short-term outperformance, the stock has consistently underperformed against the benchmark over the last three years, which may contribute to investor caution. The combination of high volatility, declining investor participation, and ongoing financial struggles suggests that the stock's recent rise may not be sustainable, leading to its current decline.