Why is Filatex India falling/rising?

As of 22-Sep, Filatex India Ltd's stock price is currently at Rs 55.88, reflecting a decline of Rs 1.02 or 1.79%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total decrease of 2.73% during this period. Additionally, the stock has underperformed its sector by 1.08% today. In terms of returns, over the past week, the stock has decreased by 0.82%, while it has shown a modest increase of 4.90% over the past month. Despite these recent declines, the company has demonstrated strong financial health with a low Debt to EBITDA ratio of 0.71 times and positive results in the last three quarters, including a 22.31% growth in PAT over the latest six months.
Broader market context indicates that while Filatex India has struggled with a year-to-date return of -9.40%, the benchmark Sensex has gained 5.15% in the same period. This contrast highlights the stock's relative weakness in the market. The company's recent performance has been affected by falling investor participation, as evidenced by a 27.42% drop in delivery volume compared to the five-day average. Although the stock is trading at a discount compared to its peers and has shown profit growth of 14.1% over the past year, the overall market sentiment and recent price movements suggest a cautious outlook for investors.