Why is Lagnam Spintex falling/rising?

As of 19-Nov, Lagnam Spintex Ltd is experiencing a decline in its stock price, currently at Rs. 67.36, which represents a decrease of Rs. 1.25 or 1.82%. The stock has hit a new 52-week low today and has underperformed its sector by 1.47%. Over the past week, the stock has seen a significant drop of 11.37%, and its year-to-date return stands at a staggering -48.37%. The company's financial health is concerning, as it has reported a decline in profits by 4.6% over the past year, alongside a high debt-to-equity ratio of 2.62, indicating weak long-term fundamental strength. Additionally, 48.16% of promoter shares are pledged, which adds downward pressure in a falling market.
In the broader market context, while Lagnam Spintex has struggled, the Sensex has shown a slight increase of 0.68% over the past week. This stark contrast highlights the stock's poor performance relative to the benchmark. The company's operating profit has only grown at an annual rate of 4.07% over the last five years, and recent negative results, including a significant drop in PAT and net sales, further exacerbate investor concerns. Overall, the combination of high debt, poor recent performance, and declining investor participation suggests a challenging environment for Lagnam Spintex, contributing to its current downward price movement.