Why is Harish Textile falling/rising?

As of 17-Jul, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 62.00, which represents a decrease of Rs 1.49 or 2.35%. The stock has underperformed its sector by 1.84% today and has fallen after two consecutive days of gains. It touched an intraday low of Rs 60.51, reflecting a significant drop of 4.69%. Over the past week, the stock has decreased by 1.59%, and its year-to-date performance shows a decline of 26.01%, contrasting with a positive return of 17.31% over the past year. While the company reported positive results in March, including the highest PBDIT and operating profit margins, it is also burdened by high debt levels and weak long-term growth prospects, which contribute to its current price movement.
In the broader market context, the stock's recent performance has been notably weaker than the benchmark, with the Sensex showing a slight decline of only 1.12% over the past week. The company's high debt-to-equity ratio and low return on equity indicate underlying financial challenges, which may deter investors despite its attractive valuation compared to peers. The stock's liquidity appears adequate, but the overall negative sentiment surrounding its long-term fundamentals is likely influencing the current downward trend.