Why is Meyer Apparel falling/rising?

As of 23-Jun, Meyer Apparel Ltd's stock is currently priced at 2.46, reflecting a decrease of 0.05, or 1.99%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 5.75% during this period. Today's performance indicates that it has underperformed its sector by 2.52%. Despite a strong year-to-date return of 42.20%, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. Additionally, the company has experienced a drastic decline in investor participation, with delivery volume dropping by 96.9% compared to the five-day average.
In the broader market context, Meyer Apparel's short-term performance over the past week shows a gain of 0.82%, which is significantly higher than the Sensex's modest increase of 0.12%. However, the stock's long-term returns over three years at 44.71% are notably lower than the Sensex's 56.69%, indicating that while the stock has had some short-term success, it is still lagging behind the benchmark in the long run. The combination of poor sales growth, high debt, and negative EBITDA suggests that the stock's recent decline is influenced by fundamental weaknesses, despite its previous strong performance.