Why is Lagnam Spintex falling/rising?

As of 23-Sep, Lagnam Spintex Ltd's stock price is currently at 86.24, reflecting a decline of 0.81, or 0.93%. The stock has underperformed its sector by 0.31% today, and while it is trading above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has shown a positive return of 4.38%, but it has significantly underperformed over the year with a return of -28.66%. The company's financials indicate a high debt level, with a debt-to-equity ratio of 2.62, and a recent decline in profits, which has contributed to negative sentiment around the stock. Additionally, 48.16% of promoter shares are pledged, which can exert further downward pressure in a falling market.
In the broader market context, Lagnam Spintex's recent performance contrasts with the benchmark Sensex, which has seen a slight decline of 0.28% over the past week. The stock's year-to-date performance is notably poor, with a decline of 33.90%, while the Sensex has gained 6.45% during the same period. This stark difference highlights the challenges faced by Lagnam Spintex, including weak long-term fundamentals and a lack of investor confidence, as evidenced by a significant drop in delivery volume. Overall, the combination of high debt, declining profits, and underperformance relative to both the sector and the broader market contributes to the stock's current downward movement.