Why is Bannari Amm Spg. falling/rising?

As of 21-Jul, Bannari Amman Spinning Mills Ltd is currently priced at 32.63, showing no change (0.00%). The stock has outperformed its sector by 0.42% today; however, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has decreased by 15.84% compared to the 5-day average, suggesting falling investor participation. Over the past year, the stock has generated a return of -31.09%, significantly underperforming the benchmark, which has seen a return of +1.98%. Despite a notable growth in net profit of 73.58% and positive results for the last three consecutive quarters, the stock's long-term fundamentals are weak, with 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, while Bannari Amman Spinning Mills has outperformed its sector slightly today, its overall performance remains concerning when compared to the benchmark. The Sensex has shown a slight decline of 0.06% over the past week, while Bannari Amman Spinning Mills has increased by 0.09%. However, the stock's year-to-date performance is significantly worse than the benchmark, with a decline of 39.01% compared to the Sensex's gain of 5.20%. This consistent underperformance against the benchmark over the last three years, coupled with low profitability metrics, suggests that investor confidence may be waning, contributing to the stock's current price stagnation.