Why is Bannari Amm Spg. falling/rising?

As of 18-Aug, Bannari Amman Spinning Mills Ltd's stock price is currently at Rs 29.02, reflecting a decrease of Rs 0.17 or 0.58%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 2.68%. It is also trading 3.82% above its 52-week low of Rs 27.91. Over the past month, the stock has experienced a significant drop of 11.06%, while its year-to-date performance shows a staggering decline of 45.76%. Despite the company reporting a remarkable growth in net profit of 147.83% and positive results for the last four consecutive quarters, the stock's performance remains weak due to a -2.03% CAGR growth in net sales over the last five years and a high debt to EBITDA ratio of 8.84 times, indicating challenges in servicing debt.
In the broader market context, the stock has underperformed against the benchmark Sensex, which has gained 0.83% over the past week, while Bannari Amman Spinning Mills Ltd has only increased by 0.14%. The textile sector has shown a positive movement, gaining 2.43%, contrasting with the stock's decline. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 46.24% against the five-day average, suggesting reduced interest in the stock. Overall, the combination of weak long-term fundamentals, consistent underperformance against benchmarks, and declining investor engagement contributes to the stock's downward trajectory.