Why is Ashnoor Textile falling/rising?

As of 24-Jun, Ashnoor Textile Mills Ltd is currently priced at 50.00, reflecting an increase of 0.45 (0.91%). The stock has shown a trend reversal by gaining after two consecutive days of decline, although it is trading below all key moving averages. Despite this recent uptick, the stock has experienced a significant decline of 29.60% year-to-date and a 4.67% drop over the past month. Positive factors include a strong return of 13.17% over the past year, alongside a notable profit increase of 117.7%, which suggests attractive valuation metrics. However, the stock faces challenges such as weak long-term fundamental strength, a high Debt to EBITDA ratio, and disappointing quarterly results, which may contribute to investor caution.
In the broader market context, Ashnoor Textile's performance has been underwhelming compared to the benchmark, with a 5.39% decline over the past week while the Sensex has gained 0.58%. The stock's liquidity is adequate, but a significant drop in delivery volume indicates falling investor participation. Overall, while there are some positive indicators regarding valuation and past performance, the stock's recent movements and broader market comparisons suggest a cautious outlook.