Why is Harish Textile falling/rising?

As of 14-Aug, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at 59.52, which reflects a decrease of 0.78 or 1.29%. Today's price summary indicates that the stock has underperformed its sector by 1.12%, and while it is higher than its 5-day moving average, it remains lower than the 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 45.48% compared to the 5-day average. Over the past week, the stock has shown a positive return of 3.39%, but it has underperformed over the last month and year, with returns of -1.70% and -13.74%, respectively. Despite some positive financial indicators, such as a high operating profit margin and a low PEG ratio, the company faces challenges due to high debt levels and weak long-term growth, which contribute to its current price movement.
In the broader market context, the stock's performance has been notably weaker than the benchmark, as it has underperformed the BSE500, which recorded a negative return of -0.57% over the last year, while Harish Textile's return was significantly worse at -13.74%. This disparity highlights the stock's struggles in a market that has not been particularly favorable. The company's high debt-to-equity ratio and low return on equity further exacerbate concerns about its long-term viability, leading to a cautious outlook among investors. Overall, the combination of underwhelming financial performance and broader market challenges has contributed to the stock's decline.