Why is Kakatiya Textile falling/rising?

As of 23-Sep, Kakatiya Textiles Ltd is experiencing a price increase, currently at 17.25, reflecting a change of 0.37 or 2.19% upward. However, the stock has shown a concerning trend over the past week, with a decline of 1.20%, and a more significant drop of 24.24% year-to-date. Today's performance indicates that Kakatiya Textiles has outperformed its sector by 2.81%, but it is trading below all key moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 26.71% compared to the five-day average. While the company reported positive net sales and profit after tax in the latest six months, it also faces significant challenges, including a negative book value and high debt levels, which contribute to its weak long-term growth prospects.
In the broader market context, Kakatiya Textiles has underperformed against the benchmark, with a year-to-date return of -24.24% compared to the Sensex's gain of 5.07%. This consistent underperformance over the last three years, coupled with a high debt-to-equity ratio and a negative book value, positions the stock as risky compared to its historical valuations. Despite a recent uptick in price, the overall sentiment remains cautious due to the company's weak fundamentals and declining investor interest, indicating that the stock's rise may not be sustainable in the face of these underlying issues.