Why is Bhandari Hosiery falling/rising?

As of 23-Jul, Bhandari Hosiery Exports Ltd is experiencing a decline in its stock price, currently at 5.59, reflecting a decrease of 0.04 or 0.71%. The stock has underperformed its sector by 1.9% today and has been on a downward trend for the last two days, accumulating a total loss of 1.76% during this period. Although the stock has shown some positive performance over the past month with a 5.87% increase, it has significantly underperformed over the year, with a return of -18.39%. The company has reported strong operating profit and net sales figures, but it also faces challenges such as a high debt to EBITDA ratio and weak long-term growth prospects, which contribute to its current price movement.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has gained 0.11% over the past week. While Bhandari Hosiery's short-term performance is negative, the benchmark has shown resilience. The stock's liquidity remains adequate for trading, but a notable decline in investor participation, with a 35.07% drop in delivery volume, indicates waning interest. Overall, despite some positive financial indicators, the combination of poor long-term growth, high debt levels, and recent underperformance relative to the market suggests a challenging environment for Bhandari Hosiery, leading to its current decline.