Why is Snowman Logistic falling/rising?

As of 28-Jul, Snowman Logistics Ltd is experiencing a decline in its stock price, currently at Rs 54.62, which represents a decrease of Rs 1.78 or 3.16%. The stock has been underperforming, having lost 6.97% over the last four days and showing a significant decline of 10.69% over the past month. Today's trading saw the stock reach an intraday high of Rs 63.51 and a low of Rs 53.83, indicating high volatility with a range of Rs 9.68. Despite some positive financial results reported on June 25, including a higher PAT and net sales, the company's weak ability to service its debt, as evidenced by a poor EBIT to Interest ratio, raises concerns about its profitability and financial health, contributing to the stock's downward trend.
In the broader market context, Snowman Logistics has significantly underperformed compared to the benchmark Sensex, which has only declined by 1.59% over the past week and 3.77% over the past month. The stock's year-to-date performance shows a staggering decline of 22.96%, contrasting sharply with the Sensex's positive return of 3.52%. This disparity highlights investor concerns, particularly given that domestic mutual funds hold no stake in the company, suggesting a lack of confidence in its valuation or business prospects. Overall, the combination of weak financial indicators and poor market performance has led to a negative sentiment surrounding Snowman Logistics, resulting in its falling stock price.