Why is Panyam Cement falling/rising?

As of 15-Sep, Panyam Cements & Mineral Industries Ltd is experiencing a decline in its stock price, currently at Rs 140.05, which represents a decrease of Rs 2.95 or 2.06%. The stock has underperformed its sector by 2.45% today, opening with a loss of 4.16% and reaching an intraday low of Rs 137.05. Over the past week, the stock has decreased by 2.10%, while it has shown a modest increase of 3.74% over the past month. However, the stock has significantly underperformed over the longer term, with a year-to-date decline of 26.29% and a one-year drop of 26.87%. The company has not declared results in the last six months, contributing to concerns about its weak long-term fundamental strength, including high debt levels and negative profitability metrics.
In the broader market context, Panyam Cement's recent performance contrasts sharply with the Sensex, which has gained 1.24% over the past week and 1.47% over the past month. This underperformance is indicative of broader issues within the company, including a lack of growth in net sales and operating profit, alongside a negative EBITDA. The stock's risk profile is heightened due to its poor historical performance and significant losses in profit, which have fallen by 48.3% over the past year. Overall, the combination of weak financial results, high debt, and underperformance relative to the benchmark has led to the stock's current downward trajectory.