Why is Cravatex falling/rising?

As of 25-Sep, Cravatex Ltd's stock price is currently at Rs 394.10, reflecting a decrease of Rs 20.9 or 5.04%. The stock has been underperforming, having fallen consecutively for the last three days with a total decline of 7.05% during this period. It has also underperformed its sector by 2.91% today. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company has reported significant operating losses, with a negative return on capital employed (ROCE) and a weak ability to service its debt, contributing to its negative sentiment in the market. The recent financial results show a drastic fall in profit after tax and net sales, further exacerbating the stock's decline.
In the broader market context, Cravatex's performance over the past week shows a decline of 7.27%, while the Sensex has only decreased by 2.23%, indicating a significant underperformance relative to the benchmark. Over the past month, Cravatex has dropped 14.06%, contrasting sharply with the Sensex's minor decline of 0.58%. This consistent underperformance against the benchmark over the last three years, coupled with a high dividend yield of 3.01%, does not seem to be enough to attract investors amidst the company's ongoing financial struggles. The falling investor participation, as evidenced by a 65.49% drop in delivery volume, further highlights the lack of confidence in the stock's recovery potential.