Why is H P Cotton Tex falling/rising?

As of 14-Aug, H P Cotton Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 101.55, which reflects a decrease of Rs 3.19 or 3.05%. Today's price summary indicates that the stock has underperformed its sector by 2.12%, reaching an intraday low of Rs 101.55. The stock's performance over the past week shows a modest gain of 1.53%, but it has significantly underperformed over the longer term, with a year-to-date decline of 22.72% and a one-year drop of 36.95%. Despite positive financial indicators such as a 17.63% growth in operating profit and a 62.96% increase in net sales over the last six months, the stock's high debt levels and weak long-term fundamental strength, indicated by a debt-to-equity ratio of 2.58, are contributing to its downward pressure.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has underperformed the BSE500, which recorded a negative return of only 0.57% over the past year. While the stock has shown some resilience in the short term, its significant long-term decline highlights ongoing concerns among investors. The falling investor participation, evidenced by an 83.59% drop in delivery volume, further suggests a lack of confidence in the stock's future performance. Overall, the combination of high debt, weak profitability metrics, and substantial underperformance relative to the market is driving the stock's current decline.