Why is Bannari Amm Spg. falling/rising?

As of 26-Aug, Bannari Amman Spinning Mills Ltd is experiencing a slight increase in its stock price, currently at 29.61, reflecting a change of 0.16 or 0.54% upward. Today's performance indicates that the stock has outperformed its sector by 3.11% and has gained after two consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term downward trend. Despite a significant growth in net profit of 147.83% and positive results over the last four quarters, the stock has generated a return of -49.80% over the past year, indicating a disconnect between its financial performance and stock price movement. The company also has a high Debt to EBITDA ratio, which raises concerns about its ability to service debt.
In the broader market context, the stock has underperformed against the benchmark, with a return of -3.24% over the past week compared to the Sensex's decline of only -1.05%. This consistent underperformance over the last three years, coupled with a weak long-term fundamental strength reflected in a -2.03% CAGR growth in net sales, suggests that investor confidence may be waning. The textile sector as a whole has also seen a decline of -2.54%, which may be contributing to the stock's struggles. Overall, while there are positive indicators regarding the company's profitability, the persistent underperformance and broader market challenges are likely influencing the stock's recent movements.