Why is Tijaria Polypipe falling/rising?

As of 03-Jul, Tijaria Polypipes Ltd is experiencing a decline in its stock price, currently at 9.49, reflecting a decrease of 0.5 or 5.01%. The stock has underperformed its sector by 4.77% today and has seen a trend reversal after nine consecutive days of gains. While the stock has shown a significant increase of 41.64% over the past month, it has a troubling year-to-date return of -22.21% and a one-year return of -47.97%. The company is facing challenges such as a negative book value, poor long-term growth with net sales declining at an annual rate of -100.00%, and a high debt-to-equity ratio. Additionally, institutional investors have reduced their stake, indicating a lack of confidence in the company's fundamentals.
In the broader market context, Tijaria Polypipes Ltd's recent performance contrasts sharply with the benchmark, as the Sensex has gained 3.10% over the past month. Despite the stock's short-term gains, its long-term performance remains concerning, with a negative EBITDA and a significant underperformance compared to the market, which has generated returns of 2.20% over the last year. The decline in institutional investor participation further exacerbates the stock's challenges, suggesting that the market sentiment is cautious regarding the company's future prospects.