Why is Trans India falling/rising?

As of 30-Jul, Trans India House Impex Ltd is experiencing a decline in its stock price, currently at 12.25, reflecting a decrease of 0.38 or 3.01%. The stock has recently fallen after five consecutive days of gains, and despite outperforming its sector by 1.33% today, it has shown a significant negative trend over the past month, with a return of -33.42%. The company's promoter holding has decreased to 27.68%, indicating potential concerns about confidence in the company's future. Furthermore, the company has reported negative results for the last four consecutive quarters, with net sales and profits both declining by 43%. This weak performance is compounded by a high Debt to EBITDA ratio of 8.44 times, suggesting difficulties in servicing debt and contributing to the stock's downward movement.
In the broader market context, the stock's short-term performance has been relatively better than the benchmark, as it gained 2.08% over the past week while the Sensex fell by 1.50%. However, the long-term outlook remains bleak, with the stock down 51.23% over the past year compared to a slight gain of 0.03% for the Sensex. The IT - Hardware sector has also faced challenges, declining by 4.39%, which may further impact investor sentiment towards Trans India. Overall, the combination of poor financial results, decreasing promoter confidence, and a struggling sector contributes to the stock's current decline.