Why is Mysore Petro falling/rising?

As of 26-Aug, Mysore Petro Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 117.00, which reflects a decrease of Rs 1.9 or 1.6%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 1.89%. Despite opening with a gain of 2.02% today and reaching an intraday high of Rs 121.3, the stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company has reported significant operating losses, with net sales falling by 33.4% compared to the previous quarter, and a negative return on capital employed (ROCE), which contributes to its weak long-term fundamental strength. The stock's performance over the past year has been particularly poor, with a return of -49.82%, further exacerbated by a high debt servicing risk.
In the broader market context, Mysore Petro's short-term performance has slightly outperformed the Sensex, which has declined by 1.05% over the past week, while Mysore Petro fell by only 0.85%. However, this marginal outperformance does not mitigate the overall negative sentiment surrounding the stock, as it has significantly underperformed the benchmark indices over longer periods, including a 7.03% decline over the past month compared to a 0.83% drop in the Sensex. The company's weak financial metrics, including a poor EBIT to interest ratio and negative EBITDA, contribute to a perception of risk among investors, leading to reduced participation and a liquidity concern, as evidenced by an 83.53% drop in delivery volume.