Why is Gokak Textiles falling/rising?

As of 08-Sep, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at Rs 87.96, which reflects a decrease of Rs 2.04 or 2.27%. The stock has underperformed its sector by 3.31% today and opened with a loss of 4.09%, reaching an intraday low of Rs 86.32. Over the past week, the stock has shown a slight decline of 0.16%, and its performance over the last month indicates a significant drop of 7.41%. The company has reported negative results for the last three consecutive quarters, with a notable decrease in both profit before tax and profit after tax. Additionally, Gokak Textiles has a negative book value and a weak long-term fundamental strength, which has contributed to its poor performance, as evidenced by a staggering 59.09% decline over the past year.
In the broader market context, the Sensex has shown a positive return of 0.53% over the past week and a 1.16% increase over the last month, contrasting sharply with Gokak Textiles' negative performance. The company’s stock has underperformed the market significantly, with a year-to-date decline of 45.04% compared to the Sensex's modest gain of 3.39%. This stark difference highlights the challenges Gokak Textiles faces, including high debt levels and stagnant sales growth, which have led to a perception of risk among investors, further exacerbating the stock's downward trend.