Why is Bhilwara Tech falling/rising?

As of 24-Jul, Bhilwara Technical Textiles Ltd is experiencing a decline in its stock price, currently at Rs 56.70, which reflects a decrease of Rs 1.3 or 2.24%. The stock has been on a downward trend, losing value for the last three consecutive days and showing a total decline of 4.71% during this period. Despite a strong performance over the past year, with a return of 27.10%, the company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a negative EBIT to Interest ratio. Additionally, the company's recent financial results show a concerning drop in profitability, with net sales declining by 33.33% and a 69.55% decrease in profit after tax over the last nine months.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, as it has fallen by 2.24% over the past week while the Sensex has only decreased by 0.09%. This underperformance may be attributed to falling investor participation, with delivery volume dropping significantly, indicating reduced interest in trading the stock. Furthermore, the overall trading activity in the sector has decreased by 2%, which could be contributing to the stock's decline. Despite its strong long-term performance, the current operational challenges and negative financial indicators are likely influencing investor sentiment negatively, leading to the stock's recent price drop.