Why is Sri Lak.Sar.Arni falling/rising?

As of 10-Jul, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at Rs 40.00, which represents a decrease of Rs 3.8 or 8.68%. Today's trading performance indicates that the stock has underperformed its sector by 8.38%, with significant volatility observed, including an intraday low of Rs 38, marking a drop of 13.24%. The stock has shown a negative trend over the past week and month, with returns of -3.43% and -2.44%, respectively, and has consistently underperformed against the benchmark indices over the past three years. The company faces challenges such as a negative book value, weak long-term growth, and high debt levels, which contribute to its recent price movement.
In the broader market context, the stock's performance contrasts sharply with the Sensex, which has shown a slight decline of only 0.06% over the past week and a positive return of 0.97% over the past month. This disparity highlights the stock's struggle to keep pace with market trends. The company's weak fundamentals, including a negative EBITDA and poor sales growth, further exacerbate its underperformance compared to the benchmark. With a significant drop in investor participation and high volatility, the outlook for Sri Lakshmi Saraswathi Textiles remains challenging in the current market environment.