Why is Harish Textile falling/rising?

As of 28-Oct, Harish Textile Engineers Ltd is experiencing a decline in its stock price, currently at Rs 55.01, reflecting a decrease of Rs 4.99 or 8.32%. The stock has underperformed its sector today by 7.82% and has fallen after two consecutive days of gains. It is currently trading close to its 52-week low, just 4.02% above Rs 52.8. Over the past week, the stock has decreased by 6.38%, while its year-to-date performance shows a significant decline of 34.36%. Despite some positive financial results, such as a 389.87% growth in PAT over nine months, the company faces challenges due to high debt levels and weak long-term fundamentals, which contribute to its recent price movement.
In the broader market context, the Sensex has shown a slight increase of 0.24% over the past week, contrasting with Harish Textile's decline. The stock's long-term performance has been notably poor, generating a return of -34.20% over the past year, which is significantly lower than the benchmark's 8.30% increase during the same period. The company's high debt-to-equity ratio and low profitability per unit of shareholders' funds further exacerbate its struggles, leading to a lack of investor confidence and participation, as evidenced by a dramatic drop in delivery volume. Overall, these factors indicate a challenging environment for Harish Textile, contributing to its falling stock price.