Why is Globe Textiles falling/rising?

As of 24-Sep, Globe Textiles (India) Ltd is currently priced at 2.23, reflecting a decrease of 0.01 or 0.45%. The stock's performance today is in line with its sector, although it is trading higher than its 5-day and 20-day moving averages but lower than its 50-day, 100-day, and 200-day moving averages. The stock has shown a return of -62.52% over the past year, indicating significant underperformance compared to the benchmark, which has only declined by 3.41% in the same period. Additionally, the stock's delivery volume has fallen by 48.64% against the 5-day average, suggesting a decline in investor participation. Despite a very attractive valuation with a ROCE of 6.8 and a discount compared to peers, the stock's long-term fundamentals are weak, with a high Debt to EBITDA ratio and poor growth in net sales.
In the broader market context, the stock's short-term return of +0.90% over the past week contrasts with the Sensex, which has decreased by 1.08%. This indicates that while Globe Textiles has managed to perform slightly better than the benchmark recently, its long-term performance remains concerning. The consistent underperformance against the benchmark over the last three years, coupled with a significant drop in profits and a low ability to service debt, raises red flags for potential investors. Overall, the combination of weak fundamentals and declining investor interest is contributing to the stock's recent price movement.