Why is Bhandari Hosiery falling/rising?

As of 22-Sep, Bhandari Hosiery Exports Ltd is experiencing a decline in its stock price, currently at 4.95, which represents a decrease of 0.05 or 1.0%. The stock has underperformed its sector by 0.29% today and has been on a consecutive downward trend for the last two days, with a total decline of 1.59% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, Bhandari Hosiery has generated a return of -31.25%, while its profits have increased by 22.1%, indicating a disconnect between stock performance and profitability. Despite a very attractive valuation with a low PEG ratio of 0.7, the company faces challenges such as weak long-term growth and a high Debt to EBITDA ratio, which contribute to its recent price decline.
In the broader market context, Bhandari Hosiery's short-term performance has been notably poor compared to the benchmark, with a 1-week return of -0.80% against a positive return of +0.46% for the Sensex. This consistent underperformance against the benchmark over the last three years, coupled with a lack of investor participation—evidenced by a significant drop in delivery volume—further exacerbates the stock's downward trajectory. The overall market sentiment appears to be unfavorable for Bhandari Hosiery, as it struggles to attract investor confidence amidst its financial challenges.