Why is Bhandari Hosiery falling/rising?

As of 10-Sep, Bhandari Hosiery Exports Ltd is currently priced at 4.97, reflecting a decrease of 0.04 or 0.8%. The stock has been underperforming, having fallen for the last three days with a total decline of 2.36%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock's performance over the past year shows a significant decline of 30.29%, while its profits have increased by 22.1%. Despite a very attractive valuation with a low PEG ratio of 0.7, the company's weak long-term fundamentals, including a high Debt to EBITDA ratio and poor sales growth, contribute to its negative price movement.
In the broader market context, the stock has underperformed compared to the Sensex, which has gained 1.06% over the past week while Bhandari Hosiery has declined by 1.39%. The textile sector has seen a positive movement, gaining 2.59%, further highlighting the stock's struggles. The falling investor participation, with a delivery volume decrease of 33.16% against the 5-day average, suggests a lack of confidence among investors. Overall, the combination of weak short-term performance, poor long-term growth prospects, and declining investor interest has led to the stock's current downward trajectory.