Why is Bhilwara Tech falling/rising?

As of 23-Jul, Bhilwara Technical Textiles Ltd's stock price is currently at Rs 58.00, reflecting a decline of Rs 1.17 or 1.98%. The stock has been underperforming recently, having fallen for the last two consecutive days with a total drop of 2.52%. Today's trading saw the stock reach an intraday low of Rs 57.5, and the volume traded was notably lower than average, indicating a decrease in investor participation. Despite a strong long-term performance, with a 32.33% return over the past year, the company is facing challenges such as operating losses and a weak ability to service its debt, which may be contributing to the recent price decline.
In the broader market context, while Bhilwara Technical Textiles has outperformed the Sensex in both the short and long term, the stock's recent performance has lagged behind the benchmark, which has only seen a 0.11% increase over the past week. The company's weak fundamentals, highlighted by negative EBITDA and declining profits, suggest a risky investment environment, which could be influencing investor sentiment negatively. Overall, the combination of recent price drops, declining trading volume, and underlying financial weaknesses appears to be driving the stock's current downward movement.