Why is Kakatiya Textile falling/rising?

As of 09-Jul, Kakatiya Textiles Ltd is experiencing a slight decline in its stock price, currently at 21.84, reflecting a decrease of 0.01 or 0.05%. The stock's performance today is inline with its sector, although it shows a concerning trend with a significant drop in investor participation, as evidenced by a delivery volume that has fallen by 80.3% compared to the 5-day average. Over the past week, the stock has decreased by 2.85%, and it has underperformed the benchmark Sensex, which has gained 0.15% during the same period. Despite reporting very positive results in March with a 183.9% growth in net sales and a substantial increase in profits, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength.
In the broader market context, Kakatiya Textiles has significantly underperformed relative to the market, with a year-to-date return of -4.08% compared to the Sensex's gain of 6.91%. The stock's negative returns of -9.60% over the past year starkly contrast with the market's overall performance, indicating a lack of investor confidence. While the company has shown impressive short-term growth in sales and profits, the persistent issues of high debt and poor long-term growth prospects have led to a perception of risk, resulting in the stock's current downward movement.