Why is Filatex India falling/rising?

As of 26-Sep, Filatex India Ltd is experiencing a decline in its stock price, currently at Rs 51.75, which reflects a decrease of 1.58 or 2.96%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 9.92% during this period. It opened with a loss of 4.37% today and reached an intraday low of Rs 51. The stock's performance over the past week shows a decline of 9.05%, while it has also underperformed against the sector by 1.07%. Despite the company declaring positive results for the last three consecutive quarters and showing a strong ability to service debt, the stock has generated a return of -16.38% over the past year, indicating a disconnect between its financial performance and market perception.
In the broader market context, Filatex India's short-term performance has been notably worse than the benchmark, with a 1-week return of -9.05% compared to the Sensex's decline of 2.66%. This consistent underperformance against the benchmark over the last three years, combined with a lack of domestic mutual fund investment, suggests a lack of confidence in the stock's future growth potential. Furthermore, while the company has shown profit growth, its long-term growth rates in net sales and operating profit have been relatively low, contributing to a negative sentiment among investors. Overall, the combination of recent price declines, poor relative performance, and cautious investor sentiment has led to the current downward trend in Filatex India's stock price.