Why is Pasupati Spinng. falling/rising?

As of 02-Jul, Pasupati Spinning & Weaving Mills Ltd is experiencing a decline in its stock price, currently at Rs 33.00, which reflects a decrease of 3.0 (-8.33%). The stock has underperformed its sector by 8.55% today and has been on a consecutive downward trend for the last two days, resulting in a total drop of 10.5% during this period. Additionally, the stock opened with a significant loss of 6.39% and reached an intraday low of Rs 32.5, indicating weak trading performance. Over the past week, the stock has declined by 5.74%, and its year-to-date performance shows a decrease of 5.17%. Despite a positive profit increase of 29% over the past year, the stock's return has been negative at -3.45%, which, combined with a weak long-term fundamental strength and high debt levels, contributes to its current price movement.
In the broader market context, the Sensex has shown a positive return of 0.79% over the past week, contrasting sharply with Pasupati's negative performance. This divergence highlights the stock's struggle in comparison to the overall market. The company's low Return on Equity and high Debt to EBITDA ratio further exacerbate investor concerns, leading to reduced participation and liquidity in trading. Although the stock is trading at a discount compared to its peers and has an attractive valuation based on its ROCE, the persistent negative trends in sales growth and profitability are likely influencing investor sentiment negatively, contributing to the stock's decline.