Why is Prakash Woollen falling/rising?

As of 30-Jun, Prakash Woollen & Synthetic Mills Ltd is experiencing a decline in its stock price, currently at 29.10, reflecting a decrease of 0.25 or 0.85%. The stock has underperformed its sector by 1.69% today and has been on a downward trend for the last two days, accumulating a total drop of 2.58%. Additionally, the stock is trading below all its moving averages, indicating a bearish sentiment. Over the past month, the stock has fallen by 8.61%, and year-to-date, it has seen a significant decline of 23.02%. The company's financial health is concerning, with operating losses and a high debt-to-EBITDA ratio of 8.89 times, which limits its ability to service debt. Furthermore, the recent negative quarterly results, including a drastic fall in profit before tax and net sales, have contributed to the stock's poor performance.
In the broader market context, the stock has notably underperformed compared to the benchmark, with the Sensex gaining 2.09% over the past week and 2.65% over the past month. While the market has shown resilience with a year-to-date return of 7.00%, Prakash Woollen's returns have been starkly negative, highlighting a significant divergence from market trends. This underperformance is compounded by a drastic reduction in investor participation, as evidenced by a 78.29% drop in delivery volume compared to the five-day average, further indicating a lack of confidence among investors. Overall, the combination of poor financial results, high debt levels, and weak market performance contributes to the stock's downward trajectory.