Why is Organic Coatings falling/rising?

As of 18-Aug, Organic Coatings Ltd is experiencing a decline in its stock price, currently at 15.65, which represents a decrease of 0.82 or 4.98%. The stock has underperformed its sector by 4.84% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 7.12%. Over the past week, the stock has fallen by 5.72%, and its year-to-date performance shows a decline of 17.06%. The company is facing significant challenges, including a high debt-to-equity ratio of 10.2 times, weak long-term growth with net sales growing at only 2.70% annually, and negative financial results, including a 39.28% drop in net sales and a negative EBITDA. Additionally, promoter confidence appears to be waning, as they have reduced their stake by 8.27% in the last quarter.
In the broader market context, the Sensex has shown a positive return of 0.83% over the past week, contrasting sharply with Organic Coatings' poor performance. While the benchmark has gained 4.01% year-to-date, Organic Coatings has seen a significant decline, further highlighting its struggles in comparison to the overall market. The stock's liquidity is adequate for trading, but the falling investor participation, evidenced by a 56.9% drop in delivery volume, suggests a lack of confidence among investors. Overall, the combination of weak financial performance, high debt, and reduced promoter confidence is contributing to the stock's downward trajectory.