Why is Mahalaxmi Fab. falling/rising?

As of 11-Jul, Mahalaxmi Fabric Mills Ltd is experiencing a decline in its stock price, currently at Rs 27.07, which represents a decrease of Rs 1.72 or 5.97%. The stock has been underperforming, having fallen consecutively for the last two days, with a total decline of 6.01% during this period. It opened significantly lower today, down 5.94%, and has traded within a narrow range, indicating high volatility with an intraday volatility of 11.35%. The stock is also close to its 52-week low, just 1.74% away from Rs 26.6. Over the past week, the stock has decreased by 2.45%, and over the last month, it has seen a substantial drop of 14.71%. The company's fundamentals are weak, with operating losses and a negative EBIT to Interest ratio of -0.54, which contributes to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has only declined by 1.12% over the past week, indicating that Mahalaxmi Fabric Mills Ltd is underperforming relative to the benchmark. While institutional investors have increased their stake by 0.71%, suggesting some confidence in the company, the overall financial health remains concerning, with a return on equity of just 0.79% and a significant drop in profits over the past year. The company's negative operating profits and poor sales figures further exacerbate the situation, making it a risky investment compared to its historical valuations.