Why is Kakatiya Textile falling/rising?

As of 10-Jul, Kakatiya Textiles Ltd is experiencing a decline in its stock price, currently at 20.90, which represents a decrease of 0.94 or 4.3%. The stock has underperformed its sector by 4% today and has been on a downward trend for the last two days, accumulating a total loss of 4.35% during this period. Over the past week, the stock has seen a significant drop of 11.44%, while its year-to-date performance shows a decline of 8.21%. Despite a notable growth in net sales and profits in recent quarters, the company faces challenges such as a negative book value and high debt levels, which contribute to its weak long-term fundamental strength and overall riskiness.
In the broader market context, Kakatiya Textiles has underperformed compared to the benchmark index, with the Sensex showing a minimal decline of only 0.06% over the past week. While the stock has generated negative returns of 15.38% over the past year, the broader market has yielded a positive return of 1.46% during the same period. This stark contrast highlights the company's struggles in attracting investor interest, as evidenced by a significant drop in delivery volume, which fell by 93.67% against the 5-day average. The combination of poor long-term growth prospects and the stock's risky valuation has led to a lack of confidence among investors, resulting in its current price decline.