Why is Bluechip Tex Ind falling/rising?

As of 19-Sep, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at 146.00, which reflects a decrease of 0.95 or 0.65%. Today's price summary indicates that the stock has underperformed its sector by 0.85% and has fallen after two consecutive days of gains. The stock is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 48.99% compared to the 5-day average. The company has shown weak long-term fundamental strength, with operating losses and a poor EBIT to interest ratio of 1.51, alongside a low return on equity of 4.86%. The recent financial results have also been disappointing, with net sales falling by 8.1% and operating profit to net sales at its lowest.
In the broader market context, Bluechip Tex Industries Ltd has shown a short-term return of 0.90% over the past week, which is slightly better than the benchmark Sensex's return of 0.88%. However, the stock has significantly underperformed over the longer term, with a year-to-date return of -22.63% compared to the Sensex's gain of 5.74%. This consistent underperformance against the benchmark over the last three years, coupled with negative operating profits and declining sales, contributes to a perception of risk among investors, leading to the current downward movement in the stock price.