Why is Eurotex Industri falling/rising?

As of 22-Jul, Eurotex Industries and Exports Ltd is currently priced at 13.71, reflecting a decrease of 0.48, or 3.38%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total decline of 7.36% during this period. Additionally, it has shown a significant underperformance against its sector by 2.95%. The stock is trading below all key moving averages, indicating a bearish trend. Despite a notable increase in delivery volume, which rose by 63.49% against the 5-day average, the company faces challenges due to a negative book value and weak long-term fundamentals, including a substantial decline in net sales over the past five years. The stock has also consistently underperformed against the benchmark, with a one-year return of -8.90%.
In the broader market context, Eurotex's short-term performance has been significantly worse than the benchmark, with a one-week return of -3.45% compared to the Sensex's decline of only 0.47%. This stark contrast highlights the stock's ongoing struggles relative to the market. The company's high debt levels and negative EBITDA further contribute to its risk profile, making it a less attractive investment. While there were positive quarterly results, including substantial growth in profit after tax, these have not translated into improved stock performance, as the company continues to face long-term growth challenges and has underperformed the BSE500 over the last three years.