Why is Globe Textiles falling/rising?

As of 16-Sep, Globe Textiles (India) Ltd is currently priced at 2.18, reflecting a decrease of 0.01 or 0.46%. The stock has underperformed its sector by 1.91% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 66.86% compared to the 5-day average. Over the past year, the stock has generated a return of -60.65%, despite a 6.3% increase in profits, indicating a disconnect between profitability and stock performance. The company has a low return on capital employed (ROCE) of 6.8, which, combined with a high debt to EBITDA ratio of 5.83 times, suggests weak long-term fundamental strength.
In the broader market context, the stock's performance over the past week shows a gain of 0.93%, while the benchmark Sensex has increased by 1.49%. However, the stock has significantly lagged behind the benchmark over longer periods, with a year-to-date decline of 56.14% compared to a 6.74% rise in the Sensex. This underperformance is compounded by the company's flat results in recent quarters and poor long-term growth metrics, which have contributed to a negative sentiment among investors. Overall, the combination of weak fundamentals, declining investor interest, and underperformance relative to the market has led to the stock's recent downward movement.