Why is Harish Textile falling/rising?

As of 04-Sep, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 59.55, which reflects a decrease of Rs 1.94 or 3.15%. Today's performance indicates that the stock opened lower, down by 2.42%, and reached an intraday low of Rs 58.5, marking a 4.86% drop. The stock has underperformed its sector by 4.17% today, and its delivery volume has significantly decreased by 65.38% compared to the 5-day average, suggesting a lack of investor interest. Over the past year, the stock has generated a return of -6.15%, which is concerning given that its profits have risen by 161%. However, the company is burdened with high debt, reflected in a debt-to-equity ratio of 3.66 times, and has shown weak long-term growth, which may contribute to the current negative sentiment.
In the broader market context, the Sensex has shown a positive return of 0.80% over the past week, contrasting with Harish Textile's decline of 0.33% during the same period. This underperformance is indicative of the stock's struggles relative to the market. Despite some positive financial results, such as a significant increase in profit after tax and operating profit margins, the overall outlook remains bleak due to high debt levels and poor long-term growth prospects. The stock's valuation may appear attractive compared to peers, but the persistent underperformance against broader indices and the lack of investor participation suggest that market sentiment is currently unfavorable for Harish Textile.