Why is H P Cotton Tex falling/rising?

As of 28-Jul, H P Cotton Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 100.90, reflecting a decrease of Rs 6.95 or 6.44%. The stock has underperformed its sector by 5.55% today and has shown high volatility, with an intraday low of Rs 95, marking a drop of 11.91%. Over the past week, the stock has fallen by 9.06%, and its year-to-date performance shows a significant decline of 23.21%. Despite a strong growth in net profit of 237.93% and an attractive valuation compared to peers, the stock's recent performance is hindered by a high debt-to-equity ratio and consistent underperformance against benchmarks over the last three years.
In the broader market context, the Sensex has only declined by 1.59% over the past week, indicating that H P Cotton Textile Mills Ltd's performance is notably worse than the overall market. While the company has reported positive financial results, including a 31.5% growth in net sales, its long-term growth prospects appear weak, with an annual growth rate of only 9.41% over the last five years. This combination of high debt, weak long-term fundamentals, and consistent underperformance against the benchmark suggests that investor confidence is waning, contributing to the stock's current downward trend.