Why is Gokak Textiles falling/rising?

As of 19-Sep, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at Rs 91.46, reflecting a decrease of Rs 2.52 or 2.68%. The stock has underperformed its sector by 2.88% today, having touched an intraday low of Rs 91, which represents a drop of 3.17%. Over the past week, the stock has shown a slight increase of 0.62%, but it has significantly underperformed over the longer term, with a year-to-date decline of 42.86% and a staggering 64.28% drop over the past year. The company has reported negative results for the last three consecutive quarters, with a negative book value and weak long-term fundamental strength, which has contributed to the stock's poor performance.
In the broader market context, the Sensex has increased by 0.88% over the past week, contrasting with Gokak Textiles' modest gain. The stock's performance has been particularly poor over the last year, where it has fallen by 64.28% compared to the market's slight decline of 0.67%. This stark difference highlights the company's struggles, including a high debt-to-equity ratio and negative operating profits, which have made it a risky investment. Despite a rise in investor participation, the overall sentiment remains negative due to the company's ongoing financial difficulties and lack of growth, leading to its current downward price movement.