Why is Lagnam Spintex falling/rising?

As of 13-Nov, Lagnam Spintex Ltd is experiencing a decline in its stock price, currently at Rs. 73.19, which reflects a decrease of Rs. 2.81 or 3.7%. The stock has hit a new 52-week low of Rs. 69.99 today and has underperformed its sector by 4.26%. Over the past week, the stock has seen a return of -6.20%, and for the past month, it has declined by 11.98%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite a recent increase in delivery volume, the company faces significant challenges, including a high debt-to-equity ratio of 2.62 and a substantial portion of promoter shares (48.16%) being pledged, which adds downward pressure on the stock price.
In the broader market context, Lagnam Spintex's performance has been notably poor compared to the benchmark, with the Sensex gaining 1.45% over the past week and 2.58% over the past month. The company's long-term fundamentals are weak, with operating profit growth averaging only 4.07% over the last five years and a significant drop in profit after tax of 88.5% in the most recent quarter. The stock's year-to-date return stands at -43.90%, contrasting sharply with the Sensex's positive return of 9.45%. This underperformance in both the short and long term, coupled with negative financial results and high debt levels, contributes to the stock's downward trajectory.