Why is Mahalaxmi Fab. falling/rising?

As of 08-Jul, Mahalaxmi Fabric Mills Ltd is experiencing a decline in its stock price, currently at Rs 28.00, which represents a decrease of Rs 1.0 or 3.45%. The stock has underperformed significantly today, opening with a loss of 5% and touching an intraday low of Rs 27.55. It is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has fallen by 5.85%, and its year-to-date performance shows a substantial decline of 43.32%. The company is also close to its 52-week low, being only 3.57% away from it. Despite a notable increase in delivery volume, which rose by 939.39% against the 5-day average, the overall sentiment remains negative due to the company's weak financial fundamentals.
In the broader market context, while the Sensex has shown a slight increase of 0.02% over the past week, Mahalaxmi Fabric Mills Ltd's performance has been starkly negative, highlighting its struggles against the benchmark. The company's operating losses and poor financial metrics, such as a negative EBIT to Interest ratio and low Return on Equity, contribute to its risk profile. Furthermore, the negative results reported for the latest quarter, including a significant drop in net sales and operating profits, reinforce the stock's weak long-term fundamental strength. Although institutional investors have increased their stake, indicating some level of confidence, the overall outlook for Mahalaxmi Fabric Mills Ltd remains precarious, leading to its current decline in stock price.