Why is Kakatiya Textile falling/rising?

As of 22-Sep, Kakatiya Textiles Ltd is experiencing a decline in its stock price, currently at 16.85, which reflects a decrease of 0.8 or 4.53%. The stock has underperformed significantly, with a performance today that is 3.82% lower than its sector. Additionally, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. The stock has shown a negative trend over various periods, with a 1-week return of -1.23%, a 1-month return of -6.44%, and a year-to-date decline of 26.00%. Despite some positive results in net sales and profit after tax over the last six months, the company suffers from a negative book value and high debt, which contribute to its weak long-term fundamental strength.
In the broader market context, Kakatiya Textiles has consistently underperformed against the benchmark, with a 1-year return of -26.71% compared to a -2.82% return for the Sensex. This underperformance has persisted over the last three years, indicating a troubling trend for investors. The stock's liquidity is also a concern, as evidenced by a significant drop in delivery volume. Overall, the combination of poor long-term growth prospects, high debt levels, and consistent underperformance against market benchmarks suggests that Kakatiya Textiles is facing significant challenges, leading to its current decline in stock price.