Why is Loyal Textile falling/rising?

As of 01-Jul, Loyal Textile Mills Ltd is experiencing a decline in its stock price, currently at Rs 282.40, reflecting a decrease of Rs 8.5 or 2.92%. The stock has underperformed its sector by 2.28% today and has fallen after three consecutive days of gains. It reached an intraday low of Rs 282.40, and while it is trading higher than the 50-day and 100-day moving averages, it is lower than the 5-day, 20-day, and 200-day moving averages. The stock has shown significant underperformance over various periods, with a year-to-date return of -17.23% and a staggering -51.69% over the past year. The company has reported negative results for the last seven consecutive quarters, with a net profit after tax of Rs -49.88 crore and a high debt-to-EBITDA ratio of 8.51 times, indicating weak long-term fundamental strength.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 2.00% over the past week and 7.11% year-to-date. This consistent underperformance against the benchmark over the last three years, coupled with a significant drop in investor participation—evidenced by a 90.4% decline in delivery volume—suggests a lack of confidence among investors. The company's weak profitability, as indicated by an average return on equity of only 7.96%, further exacerbates its challenges, making it a risky investment compared to its historical valuations.