Why is Jagjanani Text. falling/rising?

As of 19-Sep, Jagjanani Textiles Ltd is experiencing a decline in its stock price, currently at 5.93, which reflects a decrease of 0.24 or 3.89%. The stock has underperformed its sector by 4.09% today and has fallen after three consecutive days of gains. In terms of returns, the stock has shown a significant decline of 36.71% over the past month and a staggering 57.49% year-to-date. Although there is a slight positive aspect with promoters increasing their stake by 0.5%, the company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its current poor performance.
Broader market context indicates that while the Sensex has gained 0.88% over the past week, Jagjanani Textiles Ltd has only managed a modest increase of 2.24% in the same timeframe, highlighting its underperformance relative to the broader market. The stock's negative EBITDA and a significant drop in investor participation, with delivery volume falling by 68.12% against the five-day average, further underscore the challenges it faces. Overall, the combination of weak fundamentals and poor market sentiment has led to the stock's decline.