Why is Mahalaxmi Fab. falling/rising?

As of 04-Jul, Mahalaxmi Fabric Mills Ltd is experiencing a decline in its stock price, currently at Rs 27.75, which represents a decrease of 1.46 or 5.0%. The stock has underperformed its sector by 5.82% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 9.73% during this period. It opened with a loss of 5% and touched an intraday low of Rs 27.75, just 1.01% away from its 52-week low. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, the company is facing significant financial challenges, including operating losses and a weak ability to service its debt, which has contributed to its negative performance. Although there has been a slight increase in institutional investor participation, the overall fundamentals remain weak, with a return on equity of only 0.79%.
In the broader market context, the stock's performance over the past week shows a decline of 6.63%, while the benchmark Sensex has only decreased by 0.74%. Over the past month, Mahalaxmi Fabric Mills Ltd has seen a substantial drop of 14.88%, contrasting sharply with the Sensex's gain of 3.01%. This stark difference highlights the stock's underperformance relative to the market. The company's negative operating profits and declining sales figures further exacerbate its situation, making it a risky investment compared to historical valuations. Overall, the combination of poor financial results and a lack of positive momentum in the stock price contributes to its current downward trajectory.