Why is Gokak Textiles falling/rising?

As of 22-Sep, Gokak Textiles Ltd is experiencing a decline in its stock price, currently at Rs 88.95, which reflects a decrease of Rs 2.51 or 2.74%. The stock has underperformed its sector by 2.03% today and has been on a downward trend for the last two days, accumulating a total loss of 5.35%. Additionally, the stock has touched an intraday low of Rs 85.8, indicating a significant drop of 6.19%. Over the past year, Gokak Textiles has faced substantial challenges, with a staggering decline of 66.45% in returns, while its net sales and operating profits have shown minimal growth, contributing to a negative book value and a weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.46% over the past week and 1.05% over the past month. Gokak Textiles' year-to-date performance is particularly concerning, with a decline of 44.42% compared to the Sensex's increase of 5.15%. The company's high debt levels and negative operating profits further exacerbate its risk profile, making it a less attractive investment compared to the overall market. Despite a rise in investor participation, the underlying financial weaknesses and poor historical performance have led to a lack of confidence among investors, resulting in the stock's continued decline.