Why is E-Land Apparel falling/rising?

As of 22-Sep, E-Land Apparel Ltd's stock price is currently at 20.00, reflecting a decline of 0.96, or 4.58%. The stock has underperformed its sector by 3.87% today and has experienced a trend reversal, falling after two consecutive days of gains. Although the stock has shown impressive long-term performance with a year-to-date return of 59.62% and a one-year return of 47.71%, it faces significant challenges. The company has a negative book value and weak long-term fundamental strength, with stagnant operating profits and high debt levels. Additionally, institutional investor participation is declining, which may signal a lack of confidence in the company's future prospects.
In the broader market context, the Sensex has increased by 0.46% over the past week, contrasting with E-Land Apparel's 2.44% decline during the same period. This underperformance highlights the stock's struggles relative to the market. While the stock has generated substantial returns over the long term, the recent negative operating profits and poor quarterly results, including a significant drop in PAT, contribute to its current downward movement. The overall market has been more favorable, which further emphasizes the challenges faced by E-Land Apparel in maintaining investor confidence.