Why is PBM Polytex falling/rising?

As of 31-Jul, PBM Polytex Ltd is experiencing a decline in its stock price, currently at Rs 73.57, reflecting a decrease of Rs 2.92 or 3.82%. The stock has underperformed its sector today by 1.47% and has been on a consecutive downward trend for the last two days, resulting in a total drop of 3.92%. Over the past week, the stock has shown a return of -1.91%, which is consistent with its one-month performance of -1.91%. Additionally, the company has faced significant long-term challenges, including a staggering -227.70% CAGR growth in operating profits over the last five years and a low return on equity of 3.96%, indicating weak profitability. The stock is also considered risky due to negative EBITDA and has consistently underperformed against the benchmark over the last three years.
In the broader market context, the Sensex has shown a decline of 1.22% over the past week, which is less severe than PBM Polytex's performance. While the stock has fallen by 20.42% year-to-date, the benchmark has gained 3.90% during the same period, highlighting a significant underperformance. The textile sector itself has also seen a decline of 2.37%, contributing to the negative sentiment surrounding PBM Polytex. Despite a rise in investor participation, as indicated by a 154.29% increase in delivery volume, the overall weak fundamentals and consistent underperformance against the market suggest that the stock's decline is driven by both company-specific issues and broader sector challenges.