Why is Lexus Granito falling/rising?

As of 24-Sep, Lexus Granito (India) Ltd is experiencing a decline in its stock price, currently at Rs 28.71, reflecting a decrease of Rs 0.23 or 0.79%. The stock is trading lower than its moving averages across various time frames, indicating a bearish trend. Additionally, it is close to its 52-week low, just 2.47% away, and has underperformed its sector by 2.15% today. The stock has shown significant underperformance over the past year, with a return of -29.62%, and has consistently lagged behind the benchmark indices over the last three years. Despite some positive financial results, such as an increase in profit before tax and earnings per share, the company's high debt levels and weak long-term fundamentals, including a debt-equity ratio of 14.9 times and a negative return on capital employed, contribute to its declining stock performance.
In the broader market context, Lexus Granito's short-term return of -0.14% over the past week contrasts with the Sensex, which has decreased by 1.08%. This indicates that while the stock is still falling, it is doing so at a slower rate than the overall market. The company's high debt levels and low profitability metrics suggest that investor confidence is waning, leading to decreased participation, as evidenced by a significant drop in delivery volume. Overall, the combination of poor financial health, high debt, and consistent underperformance against benchmarks is driving the stock's decline.