Why is Acknit Indus. falling/rising?

As of 10-Sep, Acknit Industries Ltd is currently priced at 299.45, reflecting a decrease of 0.55, or 0.18%. The stock has underperformed its sector today by 2.76%, despite being above its 5-day, 20-day, 100-day, and 200-day moving averages, but below its 50-day moving average. Over the past week, the stock has shown a positive return of 2.55%, although it has declined by 0.17% over the past month and 1.82% year-to-date. The company's return over the last year is notably negative at -5.73%. While the stock is trading at a discount compared to its peers' average historical valuations, it has experienced a decline in profits by 2.8% over the past year, contributing to its weak long-term fundamental strength.
In the broader market context, the Sensex has increased by 1.06% over the past week, indicating that the stock's short-term performance is lagging behind the benchmark. The textile sector has gained by 2.44%, further highlighting the stock's underperformance relative to its industry. Additionally, the company faces challenges with a high Debt to EBITDA ratio of 2.69 times, which indicates a low ability to service debt. The recent flat results, including a significant drop in PAT and net sales, suggest underlying operational difficulties that may be affecting investor sentiment and contributing to the stock's decline.