Why is Ashnoor Textile falling/rising?

As of 24-Sep, Ashnoor Textile Mills Ltd is experiencing a decline in its stock price, currently at 48.50, reflecting a decrease of 0.82 or 1.66%. The stock has underperformed its sector by 1.23% today and has been on a downward trend for the last two days, accumulating a total loss of 3.69%. Despite a positive return of 5.43% over the past week and month, the stock's year-to-date performance shows a significant decline of 31.71%. While the company has attractive valuation metrics, including a return on capital employed (ROCE) of 10.6 and a low PEG ratio of 0.1, it faces challenges such as a high debt-to-EBITDA ratio of 3.65 times and weak long-term fundamental strength, which contribute to its recent price movement.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has seen a decline of 1.18% over the past week. While Ashnoor Textile has shown resilience in the short term compared to the benchmark, its overall year-to-date performance is significantly worse. The company's recent flat results in net sales and reliance on non-operating income further exacerbate concerns among investors, leading to a cautious outlook despite rising investor participation indicated by an increase in delivery volume.