Why is Gini Silk Mills falling/rising?

As of 04-Jul, Gini Silk Mills Ltd is experiencing a decline in its stock price, currently at Rs 78.33, which represents a decrease of Rs 1.69 or 2.11%. The stock has hit a new 52-week low of Rs 76 today and has been on a downward trend, falling consecutively for the last three days with a total decline of 6.96%. Additionally, the stock has underperformed its sector by 2.93% today. Over the past week, Gini Silk Mills has seen a significant drop of 8.91%, and its year-to-date performance shows a staggering decline of 41.06%. The company's weak long-term fundamentals, highlighted by a -39.78% CAGR growth in operating profits over the last five years and a low return on equity of 2.76%, contribute to its negative price movement.
In the broader market context, the Sensex has only declined by 0.74% over the past week, indicating that Gini Silk Mills is underperforming relative to the market. While the stock has shown some positive investor participation with a 95.59% increase in delivery volume, it remains below all key moving averages, suggesting a lack of upward momentum. The stock's performance over the last year has been particularly poor, with a return of -48.65%, contrasting sharply with the BSE500's positive return of 2.13%. This underperformance, coupled with the company's weak financial metrics, reinforces the negative sentiment surrounding Gini Silk Mills Ltd.