Why is Bluechip Tex Ind falling/rising?

As of 23-Sep, Bluechip Tex Industries Ltd is experiencing a decline in its stock price, currently at Rs 137.65, which reflects a decrease of Rs 7.65 or 5.26%. Today's price summary indicates that the stock has underperformed its sector by 4.64%, with an intraday low of Rs 136.3, marking a drop of 6.19%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 52.65% compared to the 5-day average. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, with a poor EBIT to Interest ratio of 1.51 and a low return on equity of 4.86%. The stock has consistently underperformed against benchmarks, generating a return of -15.55% over the past year while profits have plummeted by 104%.
In the broader market context, Bluechip Tex Industries Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -2.58% compared to the Sensex's -0.34%. Over the past month, the stock has also declined by 2.72%, while the Sensex has increased by 0.98%. This consistent underperformance highlights the company's struggles relative to the market, further exacerbated by its negative operating profits and flat sales results. The overall sentiment surrounding the stock is negative, as indicated by its weak long-term fundamental strength and the risk associated with its current valuation.