Why is Salona Cotspin falling/rising?

As of 15-Jul, Salona Cotspin Ltd. has experienced a slight increase in its stock price, currently at 262.35, reflecting a change of 0.75 or 0.29% upward. Despite this positive movement today, the stock has underperformed its sector by 1.05%. Over the past week, it has shown a return of +3.61%, while its performance over the last month is +1.69%. However, the stock has faced challenges, with a significant decline of -13.77% over the past year and a concerning drop in profits by -49.1%. The company does exhibit high management efficiency with a return on capital employed (ROCE) of 15.48% and has shown healthy long-term growth in net sales, which has increased at an annual rate of 40.29%. Nonetheless, the high debt levels and negative quarterly results have raised concerns among investors.
In the broader market context, Salona Cotspin's recent performance contrasts with the Sensex, which has seen a decline of -1.36% over the past week, indicating that the stock's short-term gains are somewhat isolated. While the stock's liquidity appears sufficient for trading, the erratic trading patterns and underperformance against the BSE500 over various time frames suggest that investor sentiment may be cautious. The stock's valuation is attractive compared to peers, but the high debt-to-equity ratio and recent negative financial results could be contributing to a lack of confidence in its long-term prospects.