Why is Bluechip Tex Ind falling/rising?

As of 08-Sep, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at Rs 141.05, down by Rs 4.2 or 2.89%. The stock has underperformed its sector by 3.93% today and opened with a loss of 2.93%. It touched an intraday low of Rs 140, reflecting a downward trend after three consecutive days of gains. Over the past week, the stock has shown a slight increase of 0.14%, but its performance over the last month is concerning, with a decline of 2.92%. The company has reported operating losses, with a weak ability to service its debt and a low return on equity of 4.86%, indicating low profitability. Additionally, the latest quarterly results show a significant drop in net sales and operating profit, further contributing to the stock's negative outlook.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as it has underperformed the Sensex, which has gained 0.53% over the past week. The stock's year-to-date return is notably poor at -25.25%, while the benchmark has increased by 3.39%. This consistent underperformance against the benchmark over the last three years, coupled with a significant decline in profits, highlights the challenges Bluechip Tex Industries Ltd faces in the current market environment.