Why is Lexoraa Ind falling/rising?

As of 23-Sep, Lexoraa Industries Ltd is experiencing a decline in its stock price, currently at 17.10, which reflects a decrease of 0.89 or 4.95%. The stock has underperformed its sector by 4.29% today, and its delivery volume has significantly dropped by 56.22% compared to the 5-day average, indicating falling investor participation. Over the past week, the stock has seen a decline of 7.92%, while its performance over the last month shows a positive return of 17.12%. However, the company has a negative book value and weak long-term fundamental strength, with poor growth in net sales and operating profit over the last five years. Despite a slight increase in promoter confidence, with a 0.51% rise in their stake, the overall sentiment remains cautious due to the company's high debt levels and negative EBITDA.
In the broader market context, Lexoraa Industries Ltd's performance has been notably worse than the benchmark, as it has generated a return of -30.37% over the past year compared to the BSE500's decline of only 4.69%. This stark contrast highlights the company's struggles relative to the market, particularly given its weak long-term growth prospects and the recent flat results reported in June. The stock's current trading position, alongside its high debt-to-equity ratio, suggests that investors are wary, contributing to the ongoing decline in its price.