Why is Acknit Indus. falling/rising?

As of 01-Sep, Acknit Industries Ltd is currently priced at 296.10, reflecting a decrease of 0.4, or 0.13%. The stock has underperformed its sector today by 1.17%, and while it is trading above its 100-day and 200-day moving averages, it is below its 5-day, 20-day, and 50-day moving averages. Over the past week, the stock has declined by 4.47%, and over the past month, it has fallen by 7.73%. Despite a significant increase in delivery volume, which rose by 157.69% against the 5-day average, the stock's overall performance has been weak, with a year-to-date return of -2.92% and a one-year return of -3.83%. The company's profitability has also declined, with profits falling by 2.8% over the past year, contributing to a negative sentiment around the stock.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has seen a slight increase of 2.85% year-to-date. The stock's weak long-term fundamentals, highlighted by a high Debt to EBITDA ratio of 2.69 times and a low growth rate in operating profits, further exacerbate its challenges. Additionally, the company's flat results in June, including a 13.6% drop in PAT and the lowest net sales recorded, have likely influenced investor confidence negatively. Overall, while the stock is trading at a discount compared to its peers, the combination of declining profits and weak operational performance has led to its current downward price movement.