Why is Aarvee Denims falling/rising?

As of 11-Aug, Aarvee Denims & Exports Ltd is experiencing a decline in its stock price, currently at Rs 175.95, which reflects a decrease of Rs 2.4 or 1.35%. The stock has underperformed its sector by 1.37% today and has been on a downward trend for the last two days, accumulating a total decline of 1.7%. Despite this recent drop, the stock has shown strong performance over the longer term, with a remarkable 351.15% increase over the past year and a 54.11% rise year-to-date. However, the company faces significant challenges, including a high debt-to-equity ratio of 16.02 times and negative financial results over the last two quarters, which have contributed to a weak long-term fundamental strength and a negative return on equity.
In the broader market context, Aarvee Denims has outperformed the benchmark Sensex over various periods, including a 7.42% gain over the past week compared to a 0.51% decline in the index. However, the stock's recent price movement is concerning, particularly given the high level of pledged promoter shares, which can exert additional downward pressure in a falling market. The overall liquidity remains adequate, but a decrease in investor participation, as indicated by a 12.25% drop in delivery volume, suggests waning interest among investors, further complicating the stock's outlook amidst its strong historical performance.