Why is High Street Fila falling/rising?

As of 30-Jul, High Street Filatex Ltd's stock price is currently at Rs 185.25, reflecting a decline of Rs 9.75 or 5.0%. The stock reached a new 52-week high of Rs 204.55 earlier today but has since fallen, marking a trend reversal after four consecutive days of gains. Despite a strong performance over the past year with a return of 194.05%, the company is facing significant challenges, including operating losses and a negative EBITDA, which have contributed to a weak long-term fundamental strength. Additionally, the promoters have reduced their stake by 24.44%, indicating a lack of confidence in the company's future, which may have influenced investor sentiment negatively.
In the broader market context, High Street Filatex Ltd has outperformed the benchmark Sensex in both the short and long term, with a 1-week return of 2.43% compared to the Sensex's decline of 1.50%. However, the stock's performance today underperformed its sector by 4.99%, and there has been a notable decrease in investor participation, with delivery volume falling by 15.65% against the 5-day average. This combination of strong historical performance juxtaposed with current operational challenges and reduced promoter confidence has likely contributed to the stock's recent decline.