Why is Sybly Industries falling/rising?

As of 26-Jun, Sybly Industries Ltd is experiencing a decline in its stock price, currently at Rs. 1.71, which reflects a decrease of -0.08 or -4.47%. The stock has hit a new 52-week low today and has been on a consecutive fall for the last 18 days, resulting in a significant drop of -58.5% during this period. Additionally, the stock has underperformed its sector by -4.38% today. Over the past week, Sybly Industries has seen a staggering decline of -21.20%, and its year-to-date performance shows a decrease of -68.33%. The company's financial health is concerning, with a high debt-equity ratio of 5.95 times and a negative EBITDA, indicating weak long-term fundamentals. The recent quarterly results show a substantial loss, with PAT falling by -820.9% compared to the previous four-quarter average.
In the broader market context, the stock's performance has been consistently poor compared to the benchmark, with a return of -76.25% over the past year, while the Sensex has gained +6.46% during the same period. This underperformance is evident over the last three years, where Sybly Industries has lagged behind the BSE 500 in each annual period. The falling investor participation, with a delivery volume that has decreased by -77.86% against the five-day average, further reflects a lack of confidence among investors. Overall, the combination of poor financial results, high debt levels, and consistent underperformance against the market has contributed to the stock's decline.