Why is Globe Textiles falling/rising?

As of 22-Sep, Globe Textiles (India) Ltd is currently priced at 2.21, reflecting an increase of 0.01 or 0.45%. The stock has outperformed its sector today by 1.16%, although it is trading above its 5-day and 20-day moving averages but below its 50-day, 100-day, and 200-day moving averages. Despite a recent uptick, the stock has shown significant underperformance over the past year, with a decline of 59.07%. The company's return on capital employed (ROCE) stands at 6.8, indicating a very attractive valuation, yet it faces challenges with a high debt-to-EBITDA ratio of 5.83 times and a poor long-term growth outlook, as evidenced by a net sales growth rate of only 14.68% over the last five years.
In the broader market context, the stock's short-term return of 0.91% over the past week has outpaced the Sensex, which has increased by 0.53%. However, the stock's year-to-date performance is concerning, with a decline of 55.53% compared to a 6.59% rise in the benchmark index. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in profits and a flat performance in recent financial results, suggests that while there may be short-term gains, the long-term outlook remains weak for Globe Textiles.