Why is Nandan Denim falling/rising?

As of 04-Aug, Nandan Denim Ltd's stock price is currently at 3.50, reflecting a decrease of 0.06, or 1.69%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.11% during this period. In terms of longer-term performance, the stock has generated a return of -28.73% over the past year, significantly underperforming the benchmark Sensex, which has seen a modest increase of 0.05%. Additionally, the stock is trading below its moving averages across various time frames, indicating a bearish trend. Despite some positive factors such as a healthy long-term growth rate in operating profit and increased institutional investor participation, the company faces challenges including poor management efficiency, a high Debt to EBITDA ratio, and a significant decline in profits, which collectively contribute to the stock's downward movement.
In the broader market context, Nandan Denim's short-term performance has been notably weaker compared to the benchmark, as it has declined by 5.91% over the past week while the Sensex has increased by 0.16%. This stark contrast highlights the stock's struggles relative to the overall market. The company's low profitability metrics and inability to service debt effectively further exacerbate its challenges, leading to a lack of investor confidence. While there are some positive indicators, such as a low debt-equity ratio and increased institutional interest, these have not been sufficient to counteract the negative sentiment surrounding the stock's recent performance.