Why is Riba Textiles falling/rising?

As of 31-Jul, Riba Textiles Ltd is experiencing a decline in its stock price, currently at Rs 85.50, reflecting a decrease of Rs 2.1 or 2.4%. The stock opened significantly lower today, with a gap down of 6.21%, reaching an intraday low of Rs 82.16. Despite a positive performance over the past week and month, where it gained 1.42% and 9.17% respectively, the year-to-date return remains negative at -19.28%. The stock's trading volume has also seen a drastic drop, with delivery volume falling by 92.24% compared to the 5-day average, indicating reduced investor participation. While the stock has attractive valuations and has outperformed the BSE500 over the last three years, it faces challenges such as weak long-term fundamental strength and a high debt to EBITDA ratio, which may be contributing to the current price decline.
In the broader market context, Riba Textiles' recent performance contrasts with the benchmark Sensex, which has shown a slight decline of 1.22% over the past week. The textile sector as a whole has also faced a downturn, falling by 2.44%. Although Riba Textiles has generated a return of 3.57% over the past year, the overall market sentiment appears to be negative, particularly in the textile sector, which may be affecting investor confidence and leading to the stock's current downward movement.