Why is Panyam Cement falling/rising?

As of 14-Jul, Panyam Cements & Mineral Industries Ltd is currently priced at 169.90, reflecting a slight decrease of 0.1, or 0.06%. The stock has underperformed its sector by 0.34% today, despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a marginal decline of 0.06%, while its performance over the last month shows a more significant drop of 6.67%. The company has not declared results in the last six months, contributing to concerns about its long-term fundamental strength, as evidenced by a negative EBITDA and a substantial decline in profits over the past year. Additionally, the company has a high debt-to-equity ratio, which raises further concerns among investors.
In the broader market context, Panyam Cements has significantly underperformed compared to the benchmark, with a one-year return of -32.74% against the BSE500's positive return of 0.26%. This stark contrast highlights the stock's struggles in a generally improving market environment. The company's weak financial performance, including a negative PAT and declining net sales, has likely contributed to its poor stock performance relative to the benchmark. Despite a rise in investor participation, the overall sentiment remains cautious due to the company's financial instability and lack of recent positive developments.