Why is Globale Tessile falling/rising?

As of 24-Jul, Globale Tessile Ltd's stock price is currently at Rs. 13.48, reflecting a slight decline of -0.01 or -0.07%. The stock has been experiencing a downward trend, having fallen consecutively for the last three days, resulting in a total decline of -9.77% during this period. Additionally, it has reached a new 52-week low of Rs. 13.06 today. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a significant increase in delivery volume, which rose by 388.39% against the 5-day average, the company is facing challenges such as operating losses and a weak ability to service its debt, which negatively impacts investor sentiment.
In the broader market context, the stock's performance over the past week shows a decline of -1.32%, while the benchmark Sensex has only decreased by -0.09%, indicating that Globale Tessile is underperforming relative to the market. Over the past month, the stock has dropped by -13.53%, contrasting sharply with the Sensex's modest gain of +0.16%. The company's weak long-term fundamental strength, characterized by a poor EBIT to Interest ratio and negative EBITDA, further exacerbates its risk profile, leading to a lack of confidence among investors. Overall, these factors contribute to the stock's continued decline in a market that is not experiencing significant downturns.