Why is Lexus Granito falling/rising?

As of 15-Oct, Lexus Granito (India) Ltd is experiencing a decline in its stock price, currently at Rs. 25.39, which represents a decrease of Rs. 0.61 or 2.35%. The stock has hit a new 52-week low of Rs. 25.1 today and is underperforming its sector by 2.41%. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 8.47%, and its year-to-date return is down by 39.81%. Despite some positive financial results reported in June, including a higher profit before tax and earnings per share, the company is burdened by high debt levels, reflected in a debt-equity ratio of 14.9 times and a negative return on equity, which contribute to its weak long-term fundamental strength.
In the broader market context, Lexus Granito's performance has been notably poor compared to the benchmark, with a one-year return of -47.44% against the Sensex's gain of 1.06%. This consistent underperformance over the last three years, coupled with a significant drop in investor participation—evidenced by an 81.19% decrease in delivery volume—indicates a lack of confidence among investors. The stock's high debt levels and negative return on capital employed further exacerbate its valuation concerns, making it less attractive compared to its peers. Overall, the combination of these stock-specific factors and broader market trends suggests a challenging environment for Lexus Granito, contributing to its declining stock price.