Why is Pasari Spinning falling/rising?

As of 24-Jul, Pasari Spinning Mills Ltd is experiencing a decline in its stock price, currently at 9.13, down by 0.22 or 2.35%. The stock has underperformed its sector by 2.37% today and has seen a trend reversal after two consecutive days of gains. Despite trading above its moving averages, the stock's long-term fundamentals are weak, characterized by a negative book value and poor growth metrics, with net sales and operating profit growing at only 3.01% and 0.20% annually over the last five years, respectively. Additionally, the company has a high debt-to-equity ratio, which raises concerns about its financial stability. Over the past year, the stock has generated a return of -17.45%, significantly underperforming the broader market.
In the broader market context, while the Sensex has shown a slight decline of 0.09% over the past week, Pasari Spinning has managed a positive return of 4.22% in the same period, indicating some short-term resilience. However, the stock's year-to-date performance remains negative at -8.24%, contrasting with the Sensex's positive return of 5.18%. This underperformance highlights the challenges faced by Pasari Spinning in a market that has generally been favorable, further emphasizing the risks associated with its negative book value and weak long-term growth prospects.