Why is Gokak Textiles falling/rising?

As of 10-Sep, Gokak Textiles Ltd is currently priced at 90.00, reflecting an increase of 1.9 or 2.16%. The stock has shown a recent upward movement, gaining 2.32% over the last two days, despite opening with a loss of 3.23% today. It reached an intraday high of Rs 92.89 but also touched a low of Rs 85.25. However, the stock has underperformed its sector by 0.42% today and has a negative long-term outlook, indicated by a negative book value and weak fundamental strength. The company has reported negative results for the last three consecutive quarters, with a significant decline in profit after tax and operating profit, which has contributed to its overall poor performance, including a year-to-date decline of 43.77%.
In the broader market context, Gokak Textiles has outperformed the benchmark Sensex in the short term, with a weekly return of 2.27% compared to the Sensex's 1.06%. However, its long-term performance remains concerning, as it has fallen by 56.08% over the past year, significantly underperforming the market, which experienced a decline of only 0.61%. The textile sector has gained 2.44%, but Gokak's high debt levels and declining sales growth indicate that it remains a risky investment, further complicating its recovery prospects in the current market environment.