Why is Filatex India falling/rising?

As of 11-Jul, Filatex India Ltd is experiencing a decline in its stock price, currently at Rs 59.52, which represents a decrease of Rs 1.44 or 2.36%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 4.43%. Today's trading saw the stock reach an intraday low of Rs 59.2, and it has shown lower delivery volumes, down by 49.5% compared to the five-day average. Despite a positive performance over the past month (+5.05%) and year (+4.37%), the stock's year-to-date performance is negative at -3.50%, indicating some volatility in its recent movements. The company maintains a strong ability to service its debt, with a low Debt to EBITDA ratio of 0.71 times, and has reported positive financial results, including a 26.98% growth in PAT over the last six months.
In the broader market context, while Filatex India has shown positive returns over the past week (+1.40%) and month (+5.05%), it has underperformed the Sensex, which has seen a decline of 1.12% over the same week. The stock's recent struggles may be attributed to falling investor participation and a liquidity situation that suggests caution among traders. Although the stock is trading at a discount compared to its peers and has a favorable PEG ratio of 0.9, the current negative momentum and declining trading volumes indicate that investors may be hesitant, impacting its price negatively in the short term.