Why is Bannari Amm Spg. falling/rising?

As of 18-Jul, Bannari Amman Spinning Mills Ltd is experiencing a decline in its stock price, currently at 32.63, which reflects a decrease of 0.08 or 0.24%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 1.12%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 15.35% against the 5-day average, the stock's performance over the past month shows a decline of 3.77%, and it has generated a significant negative return of 39.01% year-to-date. While the company has reported positive financial results, including a 73.58% growth in net profit and positive results for the last three consecutive quarters, its long-term fundamentals are weak, highlighted by a -9.46% CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio of 8.84 times.
In the broader market context, Bannari Amman Spinning Mills Ltd has underperformed against the benchmark, with a 1-year return of -34.41% compared to a 0.51% return for the Sensex. This consistent underperformance over the last three years further emphasizes the stock's struggles in the market. Although the stock has been trading at a discount compared to its peers' average historical valuations, the weak long-term fundamental strength and low profitability per unit of shareholders' funds contribute to investor caution. Overall, the combination of recent price declines, weak long-term fundamentals, and underperformance against the benchmark suggests that the stock is facing significant challenges.