Why is Shiva Cement falling/rising?

As of 23-Jul, Shiva Cement Ltd's stock price is currently at 40.12, reflecting a decrease of 0.07, or 0.17%. Despite this slight decline, the stock has shown resilience in certain areas, outperforming its sector by 0.3% today and trading above its moving averages across various time frames. However, the stock has experienced a negative return of 2.12% over the past week and a significant decline of 14.73% over the last year, indicating a trend of underperformance against the benchmark. The company's financial health is concerning, with a high debt-to-equity ratio of 13.65 times and negative EBITDA, which has contributed to its weak long-term growth prospects. Furthermore, domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its future performance.
In the broader market context, while the Sensex has shown a slight gain of 0.11% over the past week, Shiva Cement's recent performance contrasts sharply with this positive trend. The stock's long-term underperformance is evident, as it has lagged behind the benchmark BSE500 over the last three years, with a return of -13.51%. This consistent underperformance, coupled with deteriorating financial metrics such as a 20.46% decline in net sales and a staggering 77.1% drop in profits over the past year, paints a bleak picture for investors. The combination of high debt, poor sales growth, and lack of institutional support has likely contributed to the stock's current downward movement.