Why is SPL Industries falling/rising?

As of 14-Aug, SPL Industries Ltd is experiencing a decline in its stock price, currently at Rs 35.46, reflecting a decrease of Rs 2.54 or 6.68%. The stock has underperformed its sector by 5.75% today and has been on a downward trend, losing 8.7% over the last two days. Additionally, the stock has shown significant underperformance over various time frames, with a 1-month return of -16.58% and a year-to-date return of -40.81%. Despite a recent increase in promoter confidence, with a 6.04% rise in their stake, the company has reported negative financial results, including a 58.53% drop in operating profit and three consecutive quarters of negative earnings, which contribute to the stock's poor performance.
In the broader market context, while the Sensex has remained relatively stable with only a -0.03% change over the past week, SPL Industries has significantly lagged behind, indicating a lack of investor confidence in the company compared to the overall market. The stock's long-term growth prospects appear weak, as evidenced by a decline in net sales and operating profit over the past five years. This consistent underperformance against the benchmark, coupled with the company's negative financial indicators, suggests that investors are cautious, leading to the stock's current downward trajectory.