Why is Lorenzini Appar. falling/rising?

As of 01-Aug, Lorenzini Apparels Ltd is experiencing a decline in its stock price, currently at 11.00, reflecting a decrease of 0.21 or 1.87%. The stock has underperformed significantly over various time frames, with a one-week return of -5.42% and a one-month return of -12.00%. Today's performance indicates that it has outperformed its sector by 5.34%, but it is trading below all key moving averages, suggesting a bearish trend. Additionally, the company has reported a substantial drop in profitability, with a PAT of -6.57 cr, marking a decline of 2153.1%, which raises concerns about its financial health despite a high ROE of 24.20% and a low Debt to EBITDA ratio of 0.75 times.
In the broader market context, the stock's performance has been notably worse than the benchmark, with a one-year return of -52.17% compared to the BSE500's -4.13%. This stark contrast highlights the stock's struggles relative to the market, contributing to a lack of investor confidence. Furthermore, the textile sector has also seen a decline of -2.86%, which may be influencing Lorenzini's stock price negatively. The falling investor participation, evidenced by a 36.44% drop in delivery volume, further indicates a lack of interest in the stock, compounding its challenges in the current market environment.