Why is Samtex Fashion falling/rising?

As of 31-Jul, Samtex Fashions Ltd is experiencing a decline in its stock price, currently at Rs. 2.26, which reflects a decrease of 0.02 or 0.88%. The stock has hit a new 52-week low of Rs. 2.18 today and has been on a downward trend, losing 2.16% over the last two days. In terms of performance, the stock has underperformed significantly over various periods, with a 1-month return of -14.72% and a year-to-date decline of -21.80%. The company is also facing challenges with a negative book value, high debt levels, and a weak long-term fundamental strength, which contribute to its poor performance and investor sentiment.
In the broader market context, the stock's short-term performance has been worse than the benchmark, with a 1-week return of -3.42% compared to the Sensex's -1.22%. The textile sector has also seen a decline of 2.37%, indicating a challenging environment for companies in this industry. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 13.19% against the 5-day average, suggesting a lack of confidence among investors. Overall, the combination of weak financial fundamentals, poor recent performance, and negative market sentiment has led to the stock's decline.