Why is Black Rose Indus falling/rising?

As of 18-Aug, Black Rose Industries Ltd is experiencing a decline in its stock price, currently at 95.00, which reflects a decrease of 1.8 or 1.86%. The stock has underperformed its sector by 4.23% today and has been on a downward trend, losing value for the last two days with a total decline of 1.96%. It opened with a significant loss of 2.89% and reached an intraday low of Rs 93.1, indicating weak trading activity as more volume was traded closer to this low price. Over the past week, the stock has dropped by 1.55%, and its year-to-date performance shows a substantial decline of 23.17%. Despite having a high return on equity (ROE) of 18.05% and a low debt-to-equity ratio, the stock's long-term growth prospects appear poor, with operating profit growth stagnating at 0.83% annually over the last five years and a significant drop in net sales and profit after tax reported in the latest quarter.
Broader market context indicates that while the Sensex has gained 0.83% over the past week, Black Rose Industries has consistently underperformed against this benchmark, with a staggering 29.60% decline over the past year compared to a modest 1.04% gain in the same period for the Sensex. This consistent underperformance, coupled with falling investor participation and liquidity issues, suggests a lack of confidence among investors. The textile sector, in which Black Rose operates, has seen a gain of 2.43%, further highlighting the company's struggles relative to its peers. Overall, the combination of negative financial results, poor growth outlook, and significant underperformance against market benchmarks has contributed to the stock's decline.