Why is High Street Fila falling/rising?

As of 25-Aug, High Street Filatex Ltd's stock price is currently at 163.55, reflecting a decrease of 2.55, or 1.54%. The stock has been underperforming significantly, having fallen consecutively for the last seven days, resulting in a total decline of 17.08% during this period. Additionally, the stock's performance over the past week shows a substantial drop of 12.05%, contrasting sharply with the Sensex, which has gained 0.45%. The company's financial health is concerning, with reported operating losses and a negative return on equity, indicating weak long-term fundamental strength. Furthermore, a notable reduction in promoter confidence, with a 24.44% decrease in their stake, suggests diminished optimism regarding the company's future prospects.
Broader Market Context: In the context of the broader market, High Street Filatex Ltd's recent performance starkly contrasts with the Sensex, which has shown a slight gain of 0.21% over the past month. The stock's liquidity appears to be adequate, but a significant drop in delivery volume by 38.13% against the five-day average indicates waning investor interest. Overall, the stock's negative EBITDA and declining profits, alongside the lack of positive momentum in the market, contribute to a bearish outlook for High Street Filatex Ltd, leading to its current price decline.