Why is Globe Textiles falling/rising?

As of 18-Aug, Globe Textiles (India) Ltd is currently priced at Rs 2.16, reflecting an increase of Rs 0.03 or 1.41%. Despite this uptick, the stock has shown a significant decline over the past week, down 1.82%, and a staggering 65.11% over the past year. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, it is close to its 52-week low, just 4.15% above Rs 2.08. While the company has seen a rise in investor participation, with delivery volume increasing by 21.64% against the 5-day average, the overall performance remains concerning due to weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 6.8 and a high Debt to EBITDA ratio of 5.83 times.
In the broader market context, the Sensex has gained 1.19% over the past week, contrasting sharply with Globe Textiles' performance. The stock has underperformed not only the benchmark but also its sector, which suggests a lack of investor confidence. Despite the company's profits rising by 6.3% over the past year, the substantial decline in stock price indicates that investors are wary of the company's long-term growth potential, particularly given its poor performance metrics and the flat results reported in recent financial periods. This combination of factors contributes to the stock's overall negative sentiment in the market.