Why is Modi Rubber falling/rising?

As of 27-Jun, Modi Rubber Ltd's stock price is currently at Rs 117.15, reflecting a decrease of Rs 4.75, or 3.9%. The stock has underperformed the sector today by 4.67%, with an intraday low of Rs 117.05. Over the past week, the stock has declined by 5.33%, and in the last month, it has fallen by 12.25%. Despite a strong long-term performance, with a 21.71% return over the past year, the company is facing significant challenges, including operating losses and a weak ability to service its debt, which has contributed to its recent price decline. The company's negative EBITDA and poor financial ratios indicate a risky investment, further impacting investor sentiment and participation, as evidenced by an 84.42% drop in delivery volume.
Broader market context shows that while Modi Rubber has struggled in the short term, the benchmark Sensex has gained 2.00% over the past week and 3.07% over the past month. This contrast highlights the stock's underperformance relative to the broader market. The company's recent flat results and significant drop in profit after tax have compounded its challenges, leading to a lack of investor confidence and contributing to the stock's downward movement.