Why is Harish Textile falling/rising?

As of 24-Jul, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 59.51, which reflects a decrease of Rs 1.78 or 2.9%. Today's price summary indicates that the stock underperformed its sector by 1.64% and opened with a loss of 2.09%. It reached an intraday low of Rs 59.5 and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 97.41% compared to the 5-day average. Over the past week, the stock has declined by 4.02%, while its year-to-date performance shows a substantial drop of 28.99%.
In the broader market context, the Sensex has remained relatively stable, with only a slight decline of 0.09% over the past week, contrasting with Harish Textile's significant downturn. While the company has shown positive results in terms of profit growth and attractive valuations compared to peers, it is burdened by high debt and weak long-term fundamental strength, which could be contributing to the current price decline. The stock's performance over the past year has been better than the market, generating a return of 13.46%, but the recent trends suggest that investors are concerned about its long-term viability, leading to the current sell-off.