Why is Bluechip Tex Ind falling/rising?

As of 10-Jun, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at Rs 151.40, which represents a decrease of Rs 8.6 or 5.37%. The stock has underperformed its sector by 5.63% today, with an intraday low of Rs 151. The stock's performance over the past week shows a decline of 5.37%, while it has seen a modest increase of 3.56% over the past month. However, the year-to-date performance is concerning, with a drop of 19.77%. The company has faced significant challenges, including a weak long-term fundamental strength indicated by a -169.81% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of 1.47. Additionally, the stock is technically in a mildly bearish range, with deteriorating trends and negative operating profits contributing to its recent price movement.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as it has consistently underperformed against the BSE 500 over the last three years. While the benchmark has gained 2.05% in the past week and 5.44% year-to-date, Bluechip Tex's significant decline highlights its struggles in comparison. The falling investor participation, as evidenced by a 63.65% drop in delivery volume, further exacerbates the situation, indicating a lack of confidence among investors. Overall, the combination of weak financial fundamentals, negative operating profits, and consistent underperformance against the benchmark contributes to the stock's downward trajectory.