Why is K G Denim falling/rising?

As of 26-Sep, K G Denim Ltd's stock price is currently at 19.11, reflecting a decline of 0.64, or 3.24%. The stock has been underperforming, having fallen consecutively for the last two days, resulting in a total drop of 6.28% during this period. Over the past week, the stock has decreased by 11.57%, and its year-to-date performance shows a significant decline of 23.25%. The company's financial health is concerning, as it has a negative book value, high debt levels with a debt-to-equity ratio of 2.77, and has reported negative results for the last 12 consecutive quarters. The net sales have decreased by 15.86%, and the company has shown poor long-term growth, with net sales declining at an annual rate of 35.28%.
In the broader market context, K G Denim's performance has been notably weaker than the benchmark, with the Sensex declining only 2.66% over the past week. The stock's consistent underperformance against the benchmark over the last three years, alongside a return of -29.22% in the past year, highlights its struggles. Despite a rise in investor participation, as indicated by an 84.4% increase in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and high-risk profile.