Why is Lorenzini Appar. falling/rising?

As of 26-Sep, Lorenzini Apparels Ltd is experiencing a decline in its stock price, currently at 10.75, which reflects a decrease of 0.22 or 2.01%. The stock has been underperforming recently, with a consecutive fall over the last two days resulting in a total decline of 6.6%. It is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite a rise in delivery volume by 94.21% against the 5-day average, the stock's performance has been poor, with a year-to-date return of -40.64% and a staggering -62.28% over the past year. The company's recent financial results have also contributed negatively, showing a significant drop in net sales and profit after tax, alongside a high price-to-book value suggesting an expensive valuation relative to its peers.
In the broader market context, Lorenzini Apparels Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -9.51% compared to the Sensex's -2.66%. This underperformance is further highlighted by the fact that while the broader market has seen a slight positive return year-to-date, Lorenzini has significantly lagged behind. The company's high management efficiency and low debt-to-equity ratio are positive aspects; however, the substantial negative results and the stock's steep decline over the past year indicate a lack of investor confidence, leading to its current downward trajectory.