Why is Bhilwara Spinner falling/rising?

As of 24-Sep, Bhilwara Spinners Ltd is currently priced at Rs 119.00, reflecting a decrease of Rs 1.0 or 0.83%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 4.57%. It is also close to its 52-week low, just 2.69% away from Rs 115.8. Despite opening the day with a gain of 2.79% and reaching an intraday high of Rs 123.35, the stock's overall performance has been disappointing, with a year-to-date decline of 20.13% and a one-year drop of 26.06%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 0.53% and a high Debt to EBITDA ratio of 18.95 times, contribute to its negative outlook. Furthermore, the recent financial results have shown a significant decline in profits, with a PAT of Rs -2.14 crore, indicating a steep fall of 824.2% compared to previous quarters.
In the broader market context, the stock has underperformed the benchmark index, with the Sensex showing a slight decline of 1.18% over the past week, while Bhilwara Spinners has gained only 0.38%. This underperformance is further emphasized by the stock's negative returns over the past year, where it has significantly lagged behind the BSE500's decline of 5.32%. The stock's liquidity appears adequate, with a delivery volume increase of 28.97% against the five-day average, but the overall sentiment remains bearish due to the company's poor financial health and weak growth prospects.