Why is PVR Inox falling/rising?

As of 29-Aug, PVR Inox Ltd's stock price is currently at 1,122.25, reflecting a decrease of 6.55 points or 0.58%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 1.38% during this period. It opened the day with a loss of 2.02% and reached an intraday low of Rs 1101.9. Over the past week, the stock has decreased by 0.93%, while it has shown a more substantial gain of 13.55% over the past month. However, the stock's year-to-date performance remains negative at -13.94%, and it has significantly underperformed the benchmark over the last three years, with a decline of 38.24%. Factors contributing to this decline include a high Debt to EBITDA ratio of 15.02 times, indicating a low ability to service debt, and reported losses leading to negative return on equity. Despite having high institutional holdings and attractive long-term growth potential, the stock's recent performance has been hindered by these financial challenges.
In the broader market context, PVR Inox's short-term performance has been relatively better than the benchmark, as it has outperformed the Sensex by 0.91% over the past week. However, the stock's overall performance has been disappointing compared to the benchmark over longer periods, particularly with a -25.64% return in the last year against a -2.83% decline in the Sensex. This consistent underperformance against the benchmark, coupled with a decline in investor participation and liquidity, suggests a cautious sentiment among investors regarding the company's financial health and future prospects.