Why is H P Cotton Tex falling/rising?

As of 18-Aug, H P Cotton Textile Mills Ltd is currently priced at 103.00, reflecting an increase of 1.45 (1.43%). Despite this uptick, the stock has shown a negative performance trend, with a 1-week return of -1.31% and a 1-month return of -7.17%. Today, the stock opened with a significant loss of -5.47%, reaching an intraday low of Rs 96 before recovering to its current price. The stock has been highly volatile, with an intraday volatility of 8.13%. While the company has reported positive financial results, including a 17.63% growth in operating profit and a 62.96% increase in net sales over the last six months, it also faces challenges such as high debt levels and weak long-term fundamentals, which may contribute to investor caution.
In the broader market context, the stock has underperformed compared to the Sensex, which has gained 0.83% over the past week. The textile sector overall has seen a positive movement, gaining 2.43%, yet H P Cotton Textile Mills Ltd's performance remains concerning due to its substantial decline of -35.38% over the past year. This underperformance, coupled with a significant drop in delivery volume and high debt-to-equity ratio, indicates that while there are positive aspects to the company's recent results, the overall sentiment remains bearish in the short term.