Why is Salona Cotspin falling/rising?

As of 12-Aug, Salona Cotspin Ltd. is currently priced at 233.60, reflecting a slight increase of 0.05 (0.02%). The stock has recently shown a trend reversal, gaining after five consecutive days of decline. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend overall. Despite outperforming its sector by 0.59% today, the stock has experienced significant declines over the past week (-9.55%) and month (-17.19%). The company's high debt-to-equity ratio of 2.35 times and a substantial drop in profits (-62.5%) over the past year contribute to investor concerns, overshadowing its high management efficiency and healthy long-term growth in net sales.
In the broader market context, while the Sensex has seen a minor decline of 0.59% over the past week, Salona Cotspin's performance has been considerably worse, indicating a significant underperformance compared to the benchmark. The stock's year-to-date return of -15.61% starkly contrasts with the Sensex's positive return of +2.68%, further highlighting its struggles. The falling investor participation, evidenced by a 53.08% drop in delivery volume, suggests a lack of confidence among investors, which is compounded by the company's flat quarterly results and overall underperformance in both the near and long term.