Why is Harish Textile falling/rising?

As of 25-Jul, Harish Textile Engineers Ltd is currently priced at 59.70, reflecting an increase of 0.19 or 0.32%. Despite this slight uptick, the stock has underperformed in the short term, with a 1-week return of -2.29% and a 1-month return of -4.46%. Today's performance indicates that the stock has outperformed its sector by 2.45%, but it is trading below all key moving averages, suggesting a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 46.12% compared to the 5-day average. While the company has reported positive financial results, including a substantial growth in PAT and operating profit margins, it also faces challenges such as high debt levels and weak long-term growth prospects, which may be contributing to investor caution.
In the broader market context, the Sensex has experienced a slight decline of -0.36% over the past week, indicating that the overall market sentiment is somewhat negative. However, Harish Textile's year-to-date performance shows a stark contrast, with a decline of -28.76% compared to the Sensex's gain of 4.25%. This discrepancy highlights the stock's struggles despite its ability to generate a 17.06% return over the past year, outperforming the broader market's negative returns. The combination of high debt, low profitability, and recent poor performance in the textile machinery sector may be weighing heavily on investor sentiment, leading to a cautious outlook for the stock.