Why is Sybly Industries falling/rising?

As of 10-Jul, Sybly Industries Ltd is currently priced at 1.98, reflecting a decrease of 0.04 or 1.98%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.16% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The company has also seen a significant drop in investor participation, with delivery volume plummeting by 98.69% compared to the 5-day average. The company's financial health is concerning, characterized by a high debt-equity ratio of 5.95 times and negative EBITDA, which suggests a weak long-term fundamental strength. Over the last five years, net sales have declined at an annual rate of 100%, contributing to the stock's poor performance, which has resulted in a staggering 74.78% drop in returns over the past year.
In the broader market context, Sybly Industries has underperformed compared to the Sensex, which has shown a positive return of 4.09% over the past year. While the stock has gained 1.02% over the past week, this is in stark contrast to its long-term performance, where it has significantly lagged behind the benchmark indices. The company's weak financial metrics, including a substantial loss in profit before tax and profit after tax, further highlight its struggles. Overall, the combination of poor financial performance, declining investor interest, and a lack of positive momentum in the market contributes to the stock's downward trajectory.