Why is Manomay Tex Indi falling/rising?

As of 03-Jul, Manomay Tex India Ltd is experiencing a decline in its stock price, currently at 163.05, which reflects a decrease of 1.95 or 1.18%. The stock has underperformed significantly today, with a performance that is 100.3% lower than its sector. Additionally, it has shown erratic trading patterns, not trading on 2 out of the last 20 days. The stock is trading below all its moving averages, indicating a bearish trend. Over the past year, the stock has generated a return of -11.72%, while its profits have increased by 48.2%, suggesting that despite the growth in profits, the stock's valuation remains under pressure. The company has a high Debt to EBITDA ratio of 4.16 times, indicating a low ability to service its debt, which further contributes to the negative sentiment surrounding the stock.
In the broader market context, the stock has underperformed compared to the benchmark, with a 1-year return of -11.72% against the BSE500's positive return of 2.20%. This stark contrast highlights the challenges faced by Manomay Tex India Ltd in attracting investor confidence. The company's liquidity appears adequate for trading, but the significant drop in delivery volume by 52.22% against the 5-day average suggests a lack of interest from investors. Overall, the combination of high debt levels, poor recent performance relative to the market, and declining trading activity contributes to the stock's downward movement.