Why is Swan Energy falling/rising?

As of 31-Jul, Swan Energy Ltd. is experiencing a decline in its stock price, currently at 467.35, reflecting a decrease of 11.6 points or 2.42%. The stock has been on a downward trend, having lost 3.11% over the last two days and opened with a loss of 2.82% today. Additionally, the stock has underperformed significantly over the past year, with a return of -38.46% compared to the broader market's negative return of -3.20%. The company's recent financial performance has been concerning, with a notable drop in net sales and profit before tax, indicating weak long-term fundamental strength. Furthermore, the stock's high Debt to EBITDA ratio and low return on equity suggest challenges in servicing debt and profitability, contributing to investor caution.
In the broader market context, while the Sensex has shown a slight decline of 1.22% over the past week, Swan Energy's performance has been notably worse, with a weekly decline of 8.24%. The textile sector, in which Swan operates, has also faced a downturn, falling by 2.37%. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume indicates falling investor participation, which may further pressure the stock price. Overall, the combination of poor financial results, high debt levels, and negative market sentiment has led to the stock's recent decline.