Why is Shekhawati Inds falling/rising?

As of 01-Aug, Shekhawati Industries Ltd is experiencing a decline in its stock price, currently at 22.90, which reflects a decrease of 0.1 or 0.43%. The stock has been underperforming recently, with a consecutive fall over the last five days, resulting in a total decline of 6.49% in that period. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a strong long-term performance with a 225.28% return over the past year, the company has faced significant challenges, including a 67.9% drop in profits and negative results for the last three consecutive quarters. Promoter confidence has increased, with a 1.75% rise in their stake, indicating some optimism about the company's future, but this is overshadowed by weak fundamental strength and declining sales.
In the broader market context, Shekhawati Industries Ltd has underperformed compared to the benchmark Sensex, which has seen a decline of only 1.06% over the past week. The textile sector, in which the company operates, has also faced a downturn, falling by 2.86%. The stock's liquidity appears to be a concern, with a significant drop in delivery volume, indicating reduced investor participation. While the company has a very attractive valuation with a high return on equity and is trading at a discount compared to its peers, the overall negative financial performance and weak sales growth contribute to a bearish outlook in the short term.