Why is Meyer Apparel falling/rising?

As of 02-Jul, Meyer Apparel Ltd's stock price is currently at 2.19, reflecting a decrease of 0.04 or 1.79%. The stock has been underperforming, having fallen consecutively for the last 10 days, resulting in a total decline of 16.09%. Despite a positive performance over the past month with a 16.49% increase, the stock's current trajectory is concerning, especially given its negative book value and weak long-term fundamentals. The company has experienced poor growth in net sales, which have decreased at an annual rate of 26.03%, and it carries a high debt-to-equity ratio. Additionally, the stock is trading at risky valuations compared to its historical averages, which further contributes to investor caution.
In the broader market context, Meyer Apparel's recent performance contrasts sharply with the Sensex, which has gained 0.79% over the past week. While the stock has shown strong year-to-date returns of 26.59%, its recent decline indicates a significant disconnect from the overall market trend. The rising investor participation, as indicated by a 42.29% increase in delivery volume, suggests some interest, but the overall sentiment remains negative due to the company's financial challenges and the ongoing consecutive losses.