Why is Sybly Industries falling/rising?

As of 20-Jun, Sybly Industries Ltd is experiencing a decline in its stock price, currently at Rs. 2.07, reflecting a decrease of 0.1 or 4.61%. The stock has hit a new 52-week low today and has been on a consecutive downward trend for the last 14 days, resulting in a significant drop of 49.76% during this period. Additionally, the stock has underperformed against the sector by 6.77%. Over the past year, Sybly Industries has generated a return of -70.43%, with net sales declining at an annual rate of -100.00% over the last five years, indicating weak long-term fundamental strength. The company also faces high debt levels, as evidenced by a Debt-Equity Ratio of 5.95 times and a negative EBITDA, further contributing to its poor performance.
In the broader market context, while the Sensex has shown a modest increase of 1.59% over the past week, Sybly Industries has seen a drastic decline of 21.59% in the same timeframe. This stark contrast highlights the stock's consistent underperformance against the benchmark, particularly over the last three years. The falling investor participation, with a delivery volume drop of 37.61% against the five-day average, suggests a lack of confidence among investors, further exacerbating the stock's decline. Overall, the combination of poor financial performance, high debt, and negative market sentiment has led to the ongoing decrease in Sybly Industries' stock price.