Why is Royal Cush. Vin. falling/rising?

As of 28-Aug, Royal Cushion Vinyl Products Ltd is experiencing a slight increase in its stock price, currently at Rs 23.38, reflecting a change of 0.15 or 0.65% upward. Despite this minor uptick, the stock has underperformed significantly over the past month with a decline of 8.24% and a year-to-date drop of 19.24%. The stock is currently trading lower than all its moving averages, indicating a bearish trend. Additionally, the company has a negative book value and a weak long-term fundamental strength, with net sales falling by 21.92% in the last quarter and a staggering 77.4% decline in profits over the past year. The high debt levels, with 76.52% of promoter shares pledged, further exacerbate the stock's risk profile, contributing to its overall downward pressure.
In the broader market context, the stock has outperformed its sector by 2.04% today, but this is overshadowed by its poor performance relative to the benchmark, as it has fallen by 30.48% over the past year while the market has only declined by 5.01%. The recent drop in investor participation, with delivery volume decreasing by nearly 60% against the five-day average, suggests a lack of confidence among investors. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and market conditions indicate a challenging environment for Royal Cushion Vinyl Products Ltd.