Why is Gratex Industrie falling/rising?

As of 25-Jun, Gratex Industries Ltd is experiencing a decline in its stock price, currently at 18.93, which reflects a decrease of 0.98 or 4.92%. The stock has underperformed its sector today by 6.15% and has been on a downward trend, falling consecutively for the last two days with a total drop of 9.64%. Over the past week, the stock has seen a significant decline of 8.77%, while its year-to-date performance shows a substantial decrease of 27.80%. The company has weak long-term fundamentals, evidenced by a -2.52% compound annual growth rate in operating profits over the last five years and a low return on equity of 2.85%. Additionally, the stock is trading at a premium compared to its peers, with a price-to-book value of 1.6, indicating an expensive valuation.
In the broader market context, Gratex Industries' recent performance contrasts sharply with the Sensex, which has gained 1.61% over the past week. The stock's underperformance is further highlighted by its negative returns over various periods, including a 3.27% decline over the past year, while the benchmark has risen by 6.02%. This disparity suggests that investor sentiment is weak, compounded by the company's inability to service its debt effectively and generate sufficient profitability. Despite a notable increase in delivery volume, the overall market conditions and the company's financial health contribute to a negative outlook for Gratex Industries, reinforcing its status as a strong sell.