Why is MBL Infrast falling/rising?

As of 18-Aug, MBL Infrastructure Ltd's stock price is currently at Rs 39.78, reflecting a decline of Rs 1.17 or 2.86%. The stock has underperformed its sector by 2.23% today, opening with a significant loss of 7.18% and reaching an intraday low of Rs 38.01. Over the past week, the stock has decreased by 0.95%, and it has seen a substantial decline of 5.10% over the past month. The company has reported negative results for the last eight consecutive quarters, with net sales and operating profit showing significant declines. Additionally, the promoters have reduced their stake in the company, indicating a lack of confidence in its future prospects. The high debt to EBITDA ratio and negative EBITDA further contribute to the stock's risky profile, leading to its poor performance relative to the broader market.
In the broader market context, MBL Infrastructure Ltd has underperformed significantly compared to the benchmark index, the Sensex, which has gained 0.83% over the past week. While the Sensex has shown a slight decline of 0.59% over the past month, MBL's drop of 5.10% highlights its struggles. The stock's year-to-date performance is particularly concerning, with a decline of 38.51% compared to the Sensex's gain of 4.01%. This stark contrast in performance underscores the challenges faced by MBL Infrastructure Ltd, including weak long-term fundamentals and reduced promoter confidence, which are likely contributing to the stock's downward trajectory.