Why is Minaxi Textiles falling/rising?

As of 19-Jun, Minaxi Textiles Ltd's stock price is currently at 1.90, reflecting a decline of 0.09, or 4.52%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in an 8.21% decrease over the past month. Additionally, it is trading below all moving averages, indicating a bearish trend. The delivery volume has significantly decreased, falling by 82.3% compared to the five-day average, suggesting a lack of investor interest. The company is facing challenges with high debt, as evidenced by a Debt-Equity Ratio of 8.21 times and a low Return on Equity of 0.35%, which indicates weak profitability and a low ability to service its debt. Furthermore, the recent financial results show a decline in net sales and profitability, contributing to the stock's negative performance.
In the broader market context, Minaxi Textiles has underperformed relative to the Sensex, which has seen a modest decline of 0.40% over the past week, while Minaxi's stock has dropped by 6.86% in the same period. The stock's year-to-date performance is particularly concerning, with a decline of 15.56%, contrasting sharply with the Sensex's gain of 4.12%. This stark difference highlights the stock's struggles in both short-term and long-term performance, as it has generated a return of -28.03% over the past year, significantly lagging behind the benchmark indices. Overall, the combination of poor financial health, declining investor participation, and unfavorable market conditions has led to the stock's downward trajectory.