Why is Ramgopal Polytex falling/rising?

As of 03-Jul, Ramgopal Polytex Ltd is experiencing a decline in its stock price, currently at 5.00, reflecting a decrease of -0.2 or -3.85%. The stock has underperformed its sector by -4.15% today and has been on a consecutive downward trend for the last two days, with a total decline of -4.21% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also decreased significantly, falling by -30.54% against the 5-day average, indicating a drop in investor participation. The company is facing operational losses and has a weak long-term fundamental strength, evidenced by a poor EBIT to Interest ratio of -1.31 and negative ROCE, contributing to the stock's recent downward movement.
In the broader market context, the stock's short-term performance of -3.85% over the past week contrasts sharply with the Sensex, which has only declined by -0.62% during the same period. Over the last month, Ramgopal Polytex has seen a more significant drop of -17.76%, while the benchmark has gained +3.10%. This consistent underperformance against the benchmark over the last three years, along with a negative EBITDA and reported losses, further highlights the challenges faced by the company. The majority of shareholders being non-institutional may also reflect a lack of confidence in the stock, exacerbating its decline.