Why is Madhav Marbles falling/rising?

As of 03-Nov, Madhav Marbles and Granites Ltd is experiencing a decline in its stock price, currently at Rs 41.03, which represents a decrease of 1.87 (-4.36%). The stock has been underperforming, having lost 8.8% over the last three days and showing a weekly decline of 4.63%. Despite opening with a gain of 16.55% today and reaching an intraday high of Rs 50, it quickly fell to a low of Rs 40.5. The stock is trading below its moving averages across various time frames and has seen a significant drop in delivery volume, indicating falling investor participation. The company's financial health is concerning, with operating losses, a weak ability to service debt, and negative returns on capital employed, which contribute to its weak long-term fundamental strength.
In the broader market context, Madhav Marbles' recent performance contrasts sharply with the benchmark Sensex, which has gained 3.41% over the past month. The stock's year-to-date return is down 29.01%, while the Sensex has risen by 7.47% in the same period. This underperformance is compounded by the company's negative EBITDA and poor sales figures, which have led to a perception of risk among investors. Overall, the combination of disappointing financial results, high volatility, and a lack of investor confidence has resulted in the stock's continued decline.