Why is Nirav Commercial falling/rising?

As of 30-Sep, Nirav Commercials Ltd is experiencing a decline in its stock price, currently at Rs 627.00, which represents a decrease of Rs 10.0 or 1.57%. The stock has underperformed its sector by 3.27% today and opened with a significant loss of 4.87%. Over the past week, the stock has seen a decline of 7.11%, and its year-to-date performance shows a substantial drop of 27.74%. Despite a positive growth in net sales and profit after tax in the latest six months, the company faces challenges such as operating losses and a weak ability to service its debt, leading to a negative EBITDA. The stock's performance has been further hindered by its trading below all key moving averages and a recent erratic trading pattern.
In the broader market context, the Sensex has declined by 2.23% over the past week, indicating that while Nirav Commercials Ltd is underperforming, the overall market is also facing downward pressure. However, the stock's year-to-date return of -27.74% starkly contrasts with the Sensex's modest gain of 2.72%, highlighting a significant divergence in performance. The company's weak long-term fundamentals, coupled with its recent poor performance relative to the benchmark, suggest that investor sentiment remains negative, contributing to the stock's decline.