Why is High Street Fila falling/rising?

As of 14-Nov, High Street Filatex Ltd is experiencing a decline in its stock price, currently at Rs 141.80, which reflects a decrease of 7.45 points or 4.99%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total return drop of 36.91% during this period. Additionally, it opened with a loss of 4.99% today and has not traded above this price point. The stock is trading below its moving averages across various time frames, indicating a bearish trend. While there is a notable increase in promoter confidence with a 33.42% stake increase, the company is facing significant challenges, including operating losses and a negative EBITDA, which contribute to its weak long-term fundamental strength.
In the broader market context, the stock has underperformed its sector by 4.06% today, while the benchmark Sensex has shown a positive return of 1.62% over the past week. Although High Street Filatex has delivered a substantial year-to-date return of 54.70%, this is contrasted by a lack of short-term performance, as evidenced by its recent losses. The company's financial difficulties, including a poor EBIT to Interest ratio and negative return on equity, further exacerbate the situation, leading to a cautious outlook among investors despite the rising participation in trading volumes.