Why is K G Denim falling/rising?

As of 22-Sep, K G Denim Ltd's stock price is currently at 21.19, reflecting a decrease of 0.42, or 1.94%. The stock has underperformed its sector by 1.23% today, despite being higher than its 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 1.90%, while it has shown a positive return of 9.40% over the last month. However, the company has faced significant challenges, including a negative book value and a weak long-term fundamental strength, evidenced by a substantial decline in net sales and operating profit over the past five years. The stock has also been under pressure due to a high debt-to-equity ratio and consistently negative results over the last 12 quarters, contributing to its recent price movement.
Broader market context indicates that while the Sensex has gained 0.46% in the last week, K G Denim has experienced a decline, highlighting its underperformance relative to the broader market. The stock's year-to-date performance shows a significant drop of 14.90%, contrasting sharply with the Sensex's gain of 5.15%. This consistent underperformance against the benchmark over the last three years further emphasizes the stock's struggles, as it has generated negative returns while the market has generally trended upward. The combination of poor financial performance, high debt, and declining investor participation suggests a challenging environment for K G Denim, contributing to its current downward price movement.