Why is Prakash Woollen falling/rising?

As of 24-Jun, Prakash Woollen & Synthetic Mills Ltd is experiencing a decline in its stock price, currently at 29.15, reflecting a decrease of 0.05 or 0.17%. The stock has underperformed its sector by 1.21% today and has been on a downward trend for the last three days, accumulating a total loss of 5.02% during this period. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company's financial health is concerning, with significant operating losses and a high Debt to EBITDA ratio of 8.89 times, indicating a low ability to service debt. The recent financial results show a drastic decline in profitability, with a net sales figure of only Rs 5.97 crore, contributing to the stock's negative performance over the past year, where it has generated a return of -18.42%.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 0.58% over the past week while Prakash Woollen has dropped 4.36%. This stark contrast highlights the company's struggles relative to the overall market. The long-term outlook remains bleak, as the stock has underperformed the BSE 500 over the last three years, one year, and three months, further indicating a lack of investor confidence. Despite a rise in delivery volume, the overall sentiment remains negative due to the company's weak fundamentals and poor financial results, reinforcing the perception of the stock as a risky investment.