Why is Lagnam Spintex falling/rising?

As of 22-Sep, Lagnam Spintex Ltd is experiencing a decline in its stock price, currently at 87.05, which reflects a decrease of 0.5 or 0.57%. The stock's performance today is in line with its sector, although it is trading higher than its 5-day and 20-day moving averages, but lower than its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 6.25%, while its one-month return stands at 3.18%. However, the stock has significantly underperformed in the longer term, with a year-to-date return of -33.27% and a one-year return of -27.46%. The company's financials reveal a concerning picture, with a high debt-to-equity ratio of 2.62 times and a recent decline in profits, which has contributed to its weak long-term fundamental strength.
In the broader market context, while the Sensex has gained 0.53% over the past week and 1.34% over the past month, Lagnam Spintex's performance has been notably weaker, particularly in the long term, where it has underperformed the BSE500 index. The company's high level of pledged promoter shares, which stands at 48.16%, adds to the downward pressure on the stock price, especially in a falling market. Furthermore, the recent flat results in net sales and profit after tax, along with a decline in operating profit growth, suggest that the stock's negative sentiment is likely to persist, overshadowing its attractive valuation relative to peers.