Why is Gokak Textiles falling/rising?

As of 17-Sep, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at 90.00, reflecting a decrease of 0.9 or 0.99%. The stock has underperformed its sector by 2% today and is trading below all key moving averages, indicating a bearish trend. Additionally, the stock has shown a significant decline over the past month, down 3.95%, and a staggering 43.77% year-to-date. The company's negative financial performance is underscored by a negative book value and a high debt-to-equity ratio, which has contributed to its weak long-term fundamental strength. The company has reported negative results for the last three consecutive quarters, with a substantial drop in profit after tax and operating profit, further exacerbating investor concerns.
In the broader market context, Gokak Textiles has significantly underperformed compared to the benchmark Sensex, which has gained 1.56% over the past week and 2.60% over the past month. While the overall market has shown resilience with a slight positive return of 5.83% year-to-date, Gokak Textiles has plummeted by 43.77% in the same period, highlighting its struggles relative to market performance. The stock's liquidity remains low, with a drastic fall in delivery volume, indicating reduced investor participation and confidence in the company's future prospects.