Why is Harish Textile falling/rising?

As of 04-Jul, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 62.30, which reflects a decrease of Rs 4.55 or 6.81%. Today's price summary indicates that the stock has underperformed its sector by 6.66%, with an intraday low of Rs 61.5, representing an 8% drop. The stock has shown high volatility today, with an intraday volatility of 5.02%, and it is trading below all key moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 86.93% compared to the 5-day average. While the stock has generated a return of 23.22% over the past year, its long-term fundamentals are concerning due to high debt levels and weak growth, which may be contributing to the current price decline.
In the broader market context, Harish Textile's short-term performance has been notably poor, with a 1-week return of -3.26%, contrasting sharply with the Sensex, which has only declined by 0.74% during the same period. This underperformance is further highlighted by the stock's year-to-date return of -25.66%, while the benchmark has gained 6.77%. Despite positive results in March 2025, including strong operating profit margins and an attractive valuation compared to peers, the company's high debt and low profitability per unit of shareholders' funds are significant red flags. These factors collectively suggest that while there are some positive aspects, the overall sentiment around the stock remains negative, leading to its current downward trajectory.