Why is Panyam Cement falling/rising?

As of 17-Sep, Panyam Cements & Mineral Industries Ltd is experiencing a decline in its stock price, currently at Rs 133.00, which represents a decrease of 4.0 (-2.92%). The stock has underperformed its sector by 3.91% today and has been on a consecutive downward trend for the last three days, accumulating a total loss of 6.99% during this period. It has also shown weak performance over the past week and month, with returns of -7.61% and -1.48%, respectively. The company's financial health is concerning, as it has not declared results in the last six months, and its net sales and operating profit growth have been stagnant. Additionally, the company is burdened with high debt and has reported negative earnings before interest, taxes, depreciation, and amortization (EBITDA), which further contributes to its declining stock performance.
In the broader market context, Panyam Cements has significantly underperformed compared to the benchmark Sensex, which has gained 1.56% over the past week and 2.60% over the past month. While the stock has shown a remarkable increase of 1661.59% over the last five years, its recent performance has been disappointing, with a year-to-date decline of 30.00% and a one-year return of -28.34%. This stark contrast to the benchmark indicates that investor sentiment is weak, likely driven by the company's poor financial results and lack of growth prospects, leading to a cautious outlook among investors.