Why is Bluechip Tex Ind falling/rising?

As of 01-Jul, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at Rs 152.45, reflecting a decrease of Rs 3.1 or 1.99%. The stock has underperformed its sector by 1.64% today and has been on a consecutive downward trend for the last three days, resulting in a total drop of 7.26% during this period. Over the past week, the stock has fallen by 4.72%, and its year-to-date performance shows a significant decline of 19.21%. The company has also reported weak long-term fundamental strength, with a staggering -169.81% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of 1.47, indicating challenges in servicing its debt. Additionally, the stock's recent performance has been hindered by negative operating profits and a return on equity of only 4.86%, suggesting low profitability.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has gained 2.00% over the past week and 7.11% year-to-date. This consistent underperformance against the benchmark is evident, with Bluechip Tex Industries Ltd generating -8.58% returns over the last year while the BSE500 has shown positive growth in the same period. The falling investor participation, evidenced by a 27.77% drop in delivery volume, further exacerbates the stock's challenges, indicating a lack of confidence among investors. Overall, the combination of weak financial fundamentals and negative market sentiment contributes to the stock's declining trajectory.