Why is Nandan Denim falling/rising?

As of 22-Aug, Nandan Denim Ltd is experiencing a decline in its stock price, currently at 3.42, reflecting a decrease of 0.02 or 0.58%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 0.29%, and it has significantly underperformed with a 1-month return of -9.04% and a year-to-date return of -29.63%. Despite some positive indicators such as a healthy long-term growth in net sales and operating profit, the stock has generated a negative return of -28.00% over the past year, with profits falling by 26.8%. Additionally, while institutional investor participation has increased, the company faces challenges with poor management efficiency and a high debt-to-EBITDA ratio, which negatively impacts its profitability and ability to service debt.
In the broader market context, Nandan Denim's recent performance contrasts sharply with the benchmark Sensex, which has gained 0.88% over the past week and is up 4.05% year-to-date. This underperformance highlights the stock's struggles relative to the overall market. The company's low return on capital employed and below-par performance in both the long term and near term further contribute to investor concerns, leading to a lack of confidence in the stock's recovery potential.