Why is Panyam Cement falling/rising?

As of 09-Jul, Panyam Cements & Mineral Industries Ltd is experiencing a decline in its stock price, currently at Rs 170.00, reflecting a decrease of Rs 5.0 or 2.86%. The stock has underperformed its sector by 3.2% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 166.9, indicating a significant drop of 4.63%. Over the past week, the stock has decreased by 4.49%, while its performance over the last month shows a modest increase of 7.59%. However, the stock has a concerning long-term outlook, with a negative EBITDA and a significant decline in profits over the past year, which has contributed to its recent price movement.
In the broader market context, Panyam Cements has underperformed compared to the benchmark, with the Sensex showing a slight increase of 0.15% over the past week. The stock's year-to-date performance is notably poor, down 10.53%, while the market has gained 6.91% during the same period. The company's weak fundamentals, including high debt levels and a lack of recent financial disclosures, further exacerbate investor concerns, leading to decreased participation in trading. Overall, the combination of negative financial indicators and poor market performance has resulted in the stock's current downward trend.