Why is Meyer Apparel falling/rising?

As of 01-Jul, Meyer Apparel Ltd's stock price is currently at 2.23, reflecting a decline of 0.04, or 1.76%. The stock has been underperforming, having fallen consecutively for the last nine days, resulting in a total drop of 14.56% during this period. Although the stock has shown a positive return of 17.37% over the past month and 28.90% year-to-date, it is currently underperforming its sector by 1.12%. The company's financial health is concerning, as it has a negative book value and a weak long-term fundamental strength, evidenced by a significant decline in net sales and a high debt-to-equity ratio. Additionally, the stock is trading at risky valuations compared to its historical averages, which may be contributing to the recent downward pressure.
In the broader market context, Meyer Apparel's short-term performance has been notably weaker than the benchmark Sensex, which has gained 2.00% over the past week while Meyer Apparel has dropped 7.85%. This stark contrast highlights the stock's struggles relative to the overall market. Despite a rise in investor participation, as indicated by a 38.17% increase in delivery volume, the persistent negative factors surrounding the company's financial stability and performance are likely overshadowing any positive sentiment. The combination of these elements suggests that the stock's recent decline is driven by both internal challenges and a lack of confidence compared to market performance.