Why is Harish Textile falling/rising?

As of 02-Sep, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 58.25, which reflects a decrease of Rs 1.75 or 2.92%. The stock opened with a loss of 3% today and touched an intraday low of Rs 58.1. It has underperformed its sector by 2.56% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a slight increase of 0.78%, but it has declined by 3.88% over the past month and has a year-to-date drop of 30.49%. Despite a significant growth in profits and attractive valuations, the stock's high debt levels and weak long-term fundamentals are contributing to its negative price movement.
In the broader market context, the Sensex has decreased by 0.78% over the past week, indicating that the stock's short-term performance is relatively better than the benchmark. However, the overall negative sentiment surrounding Harish Textile, driven by its high debt-to-equity ratio and low return on equity, suggests that investors are cautious. The company has shown strong profit growth in recent quarters, but the long-term growth prospects remain weak, which may be affecting investor confidence and leading to the stock's current decline.