Why is Filatex India falling/rising?

As of 31-Jul, Filatex India Ltd is experiencing a decline in its stock price, currently at Rs 55.52, which represents a decrease of Rs 2.64 or 4.54%. The stock has underperformed its sector by 2.19% today and has been on a downward trend, falling for the last two consecutive days with a total drop of 7.23%. Over the past week, the stock has decreased by 3.63%, and in the last month, it has seen a significant decline of 9.65%. Despite the company showing strong financial performance with a low Debt to EBITDA ratio and positive results over the last three quarters, the stock's recent movement reflects market pressures and a decrease in investor participation, as evidenced by a 33.84% drop in delivery volume compared to the five-day average.
In the broader market context, the Sensex has also faced a decline, but at a lesser rate of 1.22% over the past week and 3.00% over the past month. Filatex India’s year-to-date performance shows a drop of 9.99%, contrasting with the Sensex's gain of 3.90%. This indicates that while the overall market has been relatively stable or improving, Filatex India has struggled significantly, leading to its current price decline. The textile sector has also seen a decrease of 2.37%, contributing to the stock's underperformance relative to both its sector and the broader market.