Why is H P Cotton Tex falling/rising?

As of 02-Sep, H P Cotton Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 101.90, which reflects a decrease of Rs 3.1 or 2.95%. The stock has underperformed its sector by 3.94% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 101.6, and it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 1.07%, and its year-to-date performance shows a significant drop of 22.45%. Despite positive financial results, including a 17.63% growth in operating profit and a 62.96% increase in net sales over the last six months, the stock's long-term performance has been poor, with a 34.41% decline over the past year.
In the broader market context, the Sensex has declined by 0.78% over the past week, indicating that the stock's short-term performance is worse than the benchmark. The company's high debt levels, with a debt-to-equity ratio of 2.58, contribute to concerns about its long-term fundamental strength, despite attractive valuations and a positive return on capital employed. The stock's liquidity is also a concern, as delivery volume has fallen significantly, suggesting reduced investor interest. Overall, the combination of weak long-term performance, high debt, and declining investor participation has led to the stock's current downward trajectory.