Why is Deepak Spinners falling/rising?

As of 24-Sep, Deepak Spinners Ltd. is experiencing a decline in its stock price, currently at Rs 134.40, which reflects a decrease of Rs 4.3 or 3.1%. Today's price summary indicates that the stock underperformed its sector by 2.67% and opened with a loss of 2.49%. It reached an intraday low of Rs 134, marking a 3.39% drop. The stock is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 52.49% compared to the 5-day average. The company's financial health is concerning, as it has reported operating losses and a negative profit after tax of Rs -3.61 crore, which is a 41.7% decline compared to the previous four-quarter average. Over the past year, the stock has generated a return of -36.66%, with profits decreasing by 25.5%, indicating weak long-term fundamental strength.
In the broader market context, Deepak Spinners has underperformed the benchmark, as reflected in its 1-week return of -2.61% compared to the Sensex's -1.18%. This trend of underperformance is consistent over the past year and three years, where the stock has consistently lagged behind the BSE500 index. The company's majority shareholders are non-institutional, which may contribute to its volatility. Overall, the combination of poor financial results, declining investor interest, and consistent underperformance against the benchmark suggests that the stock is facing significant challenges, leading to its current downward price movement.