Why is Mysore Petro falling/rising?

As of 08-Sep, Mysore Petro Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 118.75, reflecting a decrease of Rs 1.75 or 1.45%. The stock has underperformed its sector by 1.96% today and has been on a downward trend for the last three days, accumulating a total loss of 2.58% during this period. The stock's performance over the past week shows a decline of 1.57%, and it has significantly underperformed the Sensex, which has gained 0.53% in the same timeframe. The company has reported substantial operating losses, with net sales falling by 33.4% compared to the previous quarter average, and it has a negative return on capital employed (ROCE), indicating weak long-term fundamental strength. Additionally, the stock is trading below all major moving averages, and there has been a notable drop in investor participation, with delivery volume decreasing by 63.94% against the five-day average.
In the broader market context, while the Sensex has shown a positive return of 0.53% over the past week, Mysore Petro's performance has been negative, highlighting its struggle to keep pace with market trends. The stock's year-to-date performance is particularly concerning, with a decline of 21.88%, contrasting sharply with the Sensex's gain of 3.39%. This underperformance is compounded by the company's weak financial metrics, including a poor EBIT to interest ratio of -7.82 and a negative EBITDA, which contribute to its classification as a risky investment. Overall, the combination of declining sales, negative profitability, and weak investor confidence is driving the stock lower in a market that is otherwise showing signs of stability.