Why is Indian CardCloth falling/rising?

As of 21-Jul, Indian Card Clothing Company Ltd is experiencing a decline in its stock price, currently at Rs 311.10, reflecting a decrease of Rs 2.9 or 0.92%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 2.02%. Although it outperformed its sector by 1.52% today, the stock's performance over the past week and month shows a decline of 1.24% and 0.42%, respectively. The company has reported positive results in the past, including a high return on capital employed (ROCE) of 7.42% and a profit after tax (PAT) of Rs 16.19 crore for the nine months ending March 25. However, it also faces significant challenges, including operating losses and a weak ability to service its debt, leading to a negative return on capital employed (ROCE) and a risky trading environment.
In the broader market context, the stock's short-term performance has been notably weaker than the benchmark, with the Sensex showing a minimal decline of only 0.06% over the past week. While Indian Card Clothing has generated a commendable return of 15.65% over the past year, its recent performance contrasts sharply with the benchmark's return of 1.98% in the same period. The textile machinery sector has also seen a decline of 2.45%, indicating a challenging environment for the industry as a whole. Additionally, falling investor participation, as evidenced by a decrease in delivery volume, further complicates the stock's outlook, suggesting that investor sentiment may be shifting negatively amidst the company's ongoing operational challenges.