Why is Meyer Apparel falling/rising?

As of 04-Jul, Meyer Apparel Ltd is experiencing a decline in its stock price, currently at 2.11, which reflects a decrease of 0.04 or 1.86%. The stock has been underperforming significantly, having fallen for the last 12 consecutive days, resulting in a total decline of 19.16% during this period. Additionally, the stock's performance over the past week shows a drop of 8.66%, while it has outperformed the benchmark Sensex over the longer term, with a year-to-date return of 21.97%. However, the company faces challenges such as a negative book value and weak long-term growth, with net sales declining at an annual rate of 26.03% over the last five years. The high debt levels and negative EBITDA further contribute to the stock's risky profile, which may deter investors.
In the broader market context, Meyer Apparel's recent performance contrasts sharply with the Sensex, which has only declined by 0.74% over the past week. This indicates that while the overall market has been relatively stable, Meyer Apparel has struggled significantly. The stock's delivery volume has also decreased by 29.65% compared to its five-day average, suggesting a lack of investor interest. Despite the company's historical returns being positive, the current negative sentiment and fundamental weaknesses are likely driving the stock's recent downward trend.