Why is Filatex India falling/rising?

As of 04-Jul, Filatex India Ltd is currently priced at Rs 58.70, reflecting a decrease of Rs 1.07 or 1.79%. Today's performance indicates that the stock has underperformed its sector by 2.61%, with an intraday low of Rs 58, marking a decline of 2.96%. Despite this drop, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting some underlying strength. Over the past week, the stock has gained 8.04%, although it has a year-to-date decline of 4.83%. The company has shown strong financial metrics, including a low Debt to EBITDA ratio of 0.71 times and a significant increase in net sales and profit after tax, which may support its valuation despite the current price drop.
In the broader market context, while Filatex India has experienced a short-term gain, the benchmark Sensex has seen a slight decline of 0.74% over the same week. The stock's year-to-date performance is notably weaker compared to the Sensex, which has risen by 6.77%. The recent fall in delivery volume by 50.79% against the 5-day average indicates a decrease in investor participation, which could be contributing to the stock's downward pressure. Despite the positive financial results and a fair valuation compared to peers, the current market sentiment appears to be affecting the stock negatively, leading to its recent price decline.