Why is TCI Industries falling/rising?

As of 19-Aug, TCI Industries Ltd is experiencing a decline in its stock price, currently at Rs 1,385.00, reflecting a decrease of Rs 64.95 or 4.48%. The stock has underperformed its sector today by 5.77%, opening with a loss of 3.44% and reaching an intraday low of Rs 1,385. The stock's performance over the past week shows a slight increase of 0.61%, but it has declined by 4.05% over the past month and 12.89% year-to-date. The company's operating losses and weak long-term fundamentals, including a significant annual decline in operating profit and a negative EBIT to interest ratio, contribute to its current struggles. Additionally, the stock has shown a drastic drop in investor participation, with delivery volume falling by 99.67% against the 5-day average, indicating a lack of confidence among investors.
In the broader market context, TCI Industries has consistently underperformed against the benchmark, with a return of -9.48% over the past year compared to the Sensex's gain of 1.52%. The stock's performance over the last three years has also been disappointing, with negative returns and a significant decline in profits. This consistent underperformance, coupled with the company's weak financial health and negative EBITDA, paints a concerning picture for potential investors, suggesting that the stock's decline is likely to continue in the near term.