Why is Mahalaxmi Fab. falling/rising?

As of 18-Sep, Mahalaxmi Fabric Mills Ltd is experiencing a decline in its stock price, currently at Rs 31.75, which reflects a decrease of Rs 1.37 or 4.14%. The stock has underperformed its sector by 4.34% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 31.75, and the weighted average price indicates that more volume was traded close to this low price. Over the past week, the stock has decreased by 2.31%, while its performance over the last month shows a modest increase of 4.99%. However, the stock has significantly underperformed over the year, with a staggering decline of 47.87%. The company's fundamentals are weak, highlighted by an average Return on Capital Employed (ROCE) of 0% and a concerning annual operating profit decline of 19.85% over the last five years. Additionally, the latest financial results show a substantial drop in profit after tax and net sales, further contributing to investor concerns.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has gained 1.80% over the past week and 2.14% over the last month. The stock's year-to-date performance is particularly troubling, with a decline of 35.73% compared to the Sensex's increase of 6.24%. This significant underperformance indicates that investor sentiment towards Mahalaxmi Fabric Mills Ltd is negative, especially given the company's weak ability to service its debt and the risk associated with its negative operating profits. Overall, the combination of poor financial results, weak long-term growth prospects, and a stark contrast to the broader market performance has led to the current downward trend in the stock price.