Why is Bhandari Hosiery falling/rising?

As of 11-Sep, Bhandari Hosiery Exports Ltd is experiencing a decline in its stock price, currently at 4.91, reflecting a decrease of 0.06 or 1.21%. The stock has underperformed its sector by 1.7% today and has been on a consecutive downward trend for the last four days, resulting in a total decline of 3.54% during this period. Additionally, the stock has shown negative returns over various time frames, including a 30.06% drop over the past year and a 2.19% decline over the past month. Despite a rise in investor participation, with delivery volume increasing by 88.92% against the 5-day average, the stock is trading below all key moving averages, indicating a bearish trend. The company's fundamentals are also concerning, with a low Return on Capital Employed (ROCE) of 8.3 and a high Debt to EBITDA ratio of 4.57 times, which suggests weak long-term growth potential.
In the broader market context, Bhandari Hosiery's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.03% over the past week and 1.17% over the past month. This underperformance is further highlighted by the stock's negative returns over the last three years compared to the benchmark, which has seen a significant increase of 36.38%. The company has faced challenges with flat quarterly results, including a 16.6% drop in profit after tax and a 9.7% decline in net sales compared to previous averages. These factors contribute to a perception of weak long-term fundamental strength, leading to a bearish outlook for the stock.