Why is Morarjee Text. falling/rising?

As of 19-Aug, Morarjee Textiles Ltd is experiencing a decline in its stock price, currently at 7.55, reflecting a decrease of 0.35 or 4.43%. The stock has underperformed its sector by 5.72% today, and trading has been erratic, with the stock not trading on 2 out of the last 20 days. Additionally, investor participation has significantly dropped, with delivery volume on 18 August falling by 91.34% compared to the 5-day average. Over the past week, the stock has decreased by 1.95%, and it has shown a substantial decline of 36.82% over the past year. The company has not declared results in the last six months, and its long-term fundamentals are weak, with net sales and operating profit declining significantly over the past five years.
In the broader market context, the Sensex has increased by 1.76% over the past week, contrasting sharply with Morarjee's negative performance. This consistent underperformance against the benchmark is evident, as the stock has generated a return of -36.82% in the last year while the Sensex has gained 4.49%. The company's high debt levels, with a debt-to-equity ratio averaging 2.75 times, and the negative results declared for the last four consecutive quarters further contribute to the stock's downward trajectory. Overall, the combination of poor financial performance, declining investor interest, and a lack of recent results has led to the stock's current decline.