Why is Indian CardCloth falling/rising?

As of 29-Aug, Indian Card Clothing Company Ltd's stock price is currently at 266.60, reflecting an increase of 4.6 (1.76%). The stock has shown a trend reversal, gaining after three consecutive days of decline. Despite this recent uptick, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally weak performance. Over the past week, the stock has decreased by 1.99%, and over the past month, it has fallen by 5.93%. The company has reported operating losses and a weak long-term fundamental strength, evidenced by a poor EBIT to interest ratio of -3.69 and negative return on capital employed (ROCE). Additionally, the latest quarterly results showed a significant decline in profit after tax, falling by 55%, and the inventory turnover ratio is at its lowest, further contributing to investor concerns.
In the broader market context, the Sensex has also experienced a slight decline of 1.84% over the past week, which indicates that the stock's short-term performance is somewhat in line with the market trend. However, Indian Card Clothing's year-to-date performance is notably worse, with a decline of 19.46% compared to the Sensex's gain of 2.14%. The textile machinery sector has also seen a downturn, falling by 2.86%, which may be impacting investor sentiment towards the stock. Furthermore, there has been a decrease in investor participation, with delivery volume dropping significantly against the 5-day average, suggesting a lack of confidence among investors.