Why is Mahalaxmi Fab. falling/rising?

As of 25-Sep, Mahalaxmi Fabric Mills Ltd is experiencing a decline in its stock price, currently at Rs 28.30, which reflects a decrease of 2.8 (-9.0%). The stock has underperformed significantly, with a consecutive fall over the last two days resulting in a total decline of 11.98%. It has also touched an intraday low of Rs 27.35, indicating high volatility with an intraday fluctuation of 5.92%. The stock's performance over the past week shows a decrease of 10.87%, and it has underperformed the BSE500 index over various time frames, including a staggering 52.66% drop in the last year. The company's weak long-term fundamentals, highlighted by a return on capital employed of 0% and a significant decline in operating profit, further contribute to the negative sentiment surrounding the stock.
In the broader market context, the Sensex has only declined by 2.23% over the past week, indicating that Mahalaxmi Fabric Mills Ltd's performance is notably worse than the overall market. The stock's recent performance has been characterized by falling investor participation, with delivery volume dropping by nearly 50% compared to the five-day average, suggesting a lack of confidence among investors. Additionally, the company's flat results in recent quarters, including a 64.74% decline in profit after tax and a 12.1% drop in net sales, reinforce the perception of risk associated with the stock. Overall, the combination of poor financial performance, high volatility, and significant underperformance relative to the benchmark contributes to the stock's downward trajectory.