Why is Sover. Diamonds falling/rising?

As of 19-Sep, Sovereign Diamonds Ltd is experiencing a decline in its stock price, currently at Rs 31.02, which represents a decrease of Rs 0.94 or 2.94%. The stock has underperformed its sector by 1.56% today and is trading 3.77% away from its 52-week low of Rs 29.85. Despite a positive return of 2.51% over the past week and 1.70% over the past month, the stock has faced significant challenges, including operating losses and a high Debt to EBITDA ratio of 3.84 times. The company reported a negative PAT of Rs -4.85 crore, indicating severe profitability issues, and has seen a substantial decline in investor participation, with delivery volume dropping by 20.57% against the 5-day average. In the broader market context, the Sensex has shown a modest gain of 0.88% over the past week, while Sovereign Diamonds' performance has been notably weaker, reflecting a divergence from the overall market trend. The company's year-to-date return is a staggering -55.67%, contrasting sharply with the Sensex's positive return of 5.74%. This underperformance, coupled with the company's weak long-term fundamentals and negative EBITDA, suggests that investor sentiment remains cautious, contributing to the stock's current downward trajectory.