Why is Bhilwara Spinner falling/rising?

As of 17-Sep, Bhilwara Spinners Ltd is experiencing a decline in its stock price, currently at Rs 118.55, which reflects a decrease of Rs 1.55 or 1.29%. The stock has underperformed today, opening with a loss of 2.87% and touching an intraday low of Rs 116.65. Over the past week, the stock has fallen by 3.62%, and its year-to-date performance shows a significant decline of 20.44%. The company has reported weak financial results, with net sales declining by 33.30% and a negative profit after tax of Rs -2.14 crore. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. The company's long-term fundamentals are weak, with a low return on capital employed and a high debt-to-EBITDA ratio, contributing to its poor performance.
In the broader market context, the Sensex has shown a positive return of 1.56% over the past week, contrasting sharply with Bhilwara Spinners' decline. This underperformance is further highlighted by the stock's return of -27.49% over the past year, significantly worse than the market's negative return of -0.46% during the same period. The stock's liquidity appears adequate, with a notable increase in delivery volume, but this has not translated into price stability or growth. Overall, the combination of weak financial performance, poor long-term growth prospects, and significant underperformance relative to the benchmark has led to the stock's current downward movement.