Why is Globe Textiles falling/rising?

As of 07-Nov, Globe Textiles (India) Ltd is experiencing a decline in its stock price, currently at 2.51, which reflects a decrease of 0.1 or 3.83%. Today's performance indicates that the stock has underperformed its sector by 4.48%. Additionally, while the stock has shown a positive return of 15.14% over the past month, it has significantly underperformed over the longer term, with a year-to-date decline of 49.50% and a one-year return of -49.40%. The stock is trading at a discount compared to its peers, and despite a recent increase in promoter confidence with a 1.06% stake increase, the company's weak long-term fundamentals, including a high Debt to EBITDA ratio and a low Return on Capital Employed (ROCE), are concerning.
Broader market context shows that the Sensex has declined by 0.89% over the past week, indicating a challenging environment for stocks in general. However, Globe Textiles' performance has been notably worse, with a weekly decline of 1.18%. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume by 46.13% against the five-day average suggests waning investor interest. Overall, the combination of weak financial metrics, consistent underperformance against benchmarks, and declining investor participation contributes to the stock's current downward trajectory.