Why is Kakatiya Textile falling/rising?

As of 07-Jul, Kakatiya Textiles Ltd is experiencing a decline in its stock price, currently at 20.83, which represents a decrease of 0.89 or 4.1%. The stock has underperformed its sector by 3.44% today and has been on a consecutive downward trend for the last two days, resulting in a total return drop of 11.74% during this period. Over the past week, the stock has shown a modest gain of 4.15%, but its longer-term performance is concerning, with a 9.43% decline over the past month and a significant 14.32% drop over the last year. While the company reported very positive results with a 183.9% growth in net sales and a 210.40% increase in PAT, the presence of a negative book value and high debt levels raises concerns about its long-term fundamental strength, contributing to the stock's recent decline.
In the broader market context, Kakatiya Textiles has underperformed the Sensex, which has gained 1.53% over the past month, while the stock has dropped 9.43%. This underperformance is further highlighted by the stock's negative returns over the past year and its inability to keep pace with the BSE500 index in the long term. The falling investor participation, indicated by a 26.66% drop in delivery volume, suggests waning interest among investors, which may be exacerbating the stock's price decline. Overall, the combination of weak long-term growth prospects, high debt, and negative market sentiment appears to be driving the stock lower.