Why is Gokak Textiles falling/rising?

As of 09-Sep, Gokak Textiles Ltd is currently priced at 88.10, reflecting a slight increase of 0.14 (0.16%). Despite this minor uptick, the stock has been underperforming significantly, with a 1-week return of -0.33% and a 1-month return of -7.26%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 17.6% compared to the 5-day average. The company has also reported negative results for the last three consecutive quarters, with a significant decline in profit after tax and operating profit, contributing to its weak long-term fundamental strength and high debt levels.
In the broader market context, Gokak Textiles has underperformed compared to the benchmark Sensex, which has gained 1.18% over the past week. While the stock has experienced a minor increase today, its year-to-date performance shows a staggering decline of 44.95%, contrasting sharply with the Sensex's 3.79% gain. This stark difference highlights the company's struggles, particularly given its negative operating profits and poor sales growth over the past five years. The overall market sentiment appears to favor other stocks, further exacerbating Gokak Textiles' challenges in attracting investor interest.