Why is Gujarat Cotex falling/rising?

As of 04-Aug, Gujarat Cotex Ltd is currently priced at 9.30, reflecting a decrease of 0.14, or 1.48%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.06%. It is trading below all key moving averages, indicating a bearish trend. Additionally, the stock's delivery volume has decreased significantly, down by 36.78% compared to the five-day average, suggesting reduced investor interest. While the company has shown strong historical returns of 57.63% over the past year, its operating losses and weak long-term growth prospects, evidenced by a low ROCE of 3.3 and a high Debt to EBITDA ratio, contribute to its current price decline.
In the broader market context, the Sensex has shown a slight positive return of 0.16% over the past week, contrasting with Gujarat Cotex's decline of 5.10% in the same period. This underperformance highlights the stock's struggles relative to the benchmark. Despite the overall market generating negative returns of -2.34% in the last year, Gujarat Cotex's significant historical gains have not translated into current stability, as its recent operating losses and poor financial metrics raise concerns among investors.