Why is Rudra Ecovation falling/rising?

As of 26-Aug, Rudra Ecovation Ltd's stock price is currently at Rs 38.70, reflecting a decrease of Rs 1.2 or 3.01%. The stock has underperformed its sector by 0.44% today, having touched an intraday low of Rs 37.56, which represents a decline of 5.86%. Over the past week, the stock has shown a modest gain of 3.34%, but it has significantly underperformed over the last month with a decline of 12.05%. The company has reported operating losses and a weak long-term fundamental strength, evidenced by a poor EBIT to Interest ratio of -1.15 and a low return on equity of 0.10%. Additionally, the stock has generated a staggering return of -45.65% over the past year, indicating a substantial decline in profitability.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the BSE500 has only declined by 3.87% over the same period. While the stock has shown some resilience in the short term with a 3.34% increase over the past week, it remains significantly lower than its historical valuations and has been trading with negative EBITDA. The textile sector, in which Rudra Ecovation operates, has also seen a decline of 2.54%, contributing to the overall negative sentiment surrounding the stock. Despite a rise in investor participation, the underlying financial challenges and poor sales figures, which were reported at the lowest level of Rs 5.28 crore, continue to weigh heavily on the stock's performance.