Why is Kakatiya Textile falling/rising?

As of 13-Jun, Kakatiya Textiles Ltd is experiencing a decline in its stock price, currently at Rs 19.68, which represents a decrease of 1.03 or 4.97%. Today, the stock opened with a gain of 4.54% and reached an intraday high of Rs 21.65, but ultimately fell to its current price, indicating significant volatility with a wide trading range of Rs 1.97. Over the past week, the stock has underperformed, showing a return of -14.43%, while its performance over the last month has been slightly positive at +4.29%. Despite a strong growth in net sales of 183.9% and positive quarterly results, the company is hindered by a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, Kakatiya Textiles' recent performance contrasts sharply with the benchmark Sensex, which has only declined by 1.30% over the past week. The stock's year-to-date performance is notably poor, with a return of -13.57%, while the Sensex has gained 3.81% during the same period. This underperformance is compounded by the company's weak long-term growth metrics and high debt-to-equity ratio, making it a risky investment. Overall, the combination of short-term volatility, negative financial indicators, and a lack of investor confidence has led to the stock's current downward trend.