Why is Filatex Fash. falling/rising?

As of 24-Jul, Filatex Fashions Ltd is currently priced at 0.66, reflecting a decrease of 0.02 or 2.94%. The stock has been underperforming, having fallen for three consecutive days with a total decline of 5.71%. In terms of returns, the stock has shown a significant drop of 50.15% over the past year, despite a 0.8% increase in profits. The company has a low return on equity (ROE) of 0.41%, indicating poor management efficiency and profitability. Additionally, the stock is trading at a discount compared to its peers, but the lack of domestic mutual fund investment suggests a lack of confidence in its current valuation.
In the broader market context, Filatex's short-term performance has been notably worse than the benchmark, with a 1-week return of -4.35% compared to the Sensex's slight decline of 0.09%. The stock's liquidity appears adequate for trading, but the falling investor participation, evidenced by a 36.55% drop in delivery volume, raises concerns about market interest. Overall, the combination of poor recent performance, low profitability metrics, and declining investor engagement contributes to the stock's downward movement.