Why is Tijaria Polypipe falling/rising?

As of 08-Jul, Tijaria Polypipes Ltd is experiencing a decline in its stock price, currently at 8.24, which reflects a decrease of 0.33 or 3.85%. The stock has been underperforming, having fallen consecutively for the last four days, resulting in a total decline of 17.52% during this period. Additionally, the stock's performance over the past week shows a significant drop of 13.45%, while it has seen a more modest increase of 27.36% over the past month. However, the long-term outlook remains bleak, with a staggering year-to-date decline of 32.46% and a one-year drop of 50.06%. The company is facing severe financial challenges, including a negative book value, poor long-term growth metrics, and high debt levels, which contribute to its classification as a strong sell.
In the broader market context, Tijaria Polypipes Ltd has significantly underperformed compared to the benchmark, with the Sensex showing a slight increase of 0.02% over the past week and a 1.85% rise over the last month. This stark contrast highlights the stock's struggles, particularly as institutional investors have reduced their stakes, indicating a lack of confidence in the company's fundamentals. The stock's liquidity is also a concern, with a notable drop in delivery volume, suggesting diminishing investor interest. Overall, the combination of negative financial indicators and declining investor participation has led to the stock's recent downward trajectory.