Why is Gini Silk Mills falling/rising?

As of 25-Jul, Gini Silk Mills Ltd is experiencing a decline in its stock price, currently at Rs 90.63, which represents a decrease of 4.37 or 4.6%. Today, the stock opened with a gain of 2% but quickly fell to an intraday low of Rs 90.63, indicating significant volatility. The stock has underperformed its sector by 1.73% today, and it is trading below all major moving averages, suggesting a bearish trend. Over the past week, the stock has dropped by 8.45%, while its year-to-date performance shows a substantial decline of 31.81%. The company's weak long-term fundamentals, highlighted by a -39.78% CAGR growth in operating profits over the last five years and a poor EBIT to Interest ratio of -0.40, contribute to the negative sentiment surrounding the stock. Additionally, the company's return on equity is low at 2.76%, and it has reported flat results with an EPS of Rs 0.59, further exacerbating investor concerns.
In the broader market context, Gini Silk Mills has significantly underperformed compared to the benchmark, with a one-year return of -31.81% against the BSE500's -0.19%. This stark contrast indicates that while the overall market has faced challenges, Gini Silk Mills has fared much worse, leading to a lack of investor confidence. The textile sector itself has seen a decline of 2.97%, which may also be influencing the stock's performance. Furthermore, a notable drop in investor participation, with delivery volume falling by 46.71% against the five-day average, suggests diminishing interest in the stock, compounding its price decline.