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

As of 29-Jul, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at Rs 39.00, which represents a decrease of 1.0 or 2.5%. Today's price summary indicates that the stock opened significantly lower, with a loss of 9.5%, and touched an intraday low of Rs 36.2. The stock has underperformed its sector by 3.14% today and is trading below all key moving averages, suggesting a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 90.12% against the 5-day average. The company's long-term fundamentals are weak, characterized by a negative book value, poor growth in net sales, and high debt levels, which have contributed to its recent underperformance.
In the broader market context, the stock has underperformed the benchmark Sensex, which has seen a decline of only 1.03% over the past week, while Sri Lakshmi Saraswathi Textiles has dropped by 6.70% in the same period. Over the last year, the stock has generated a return of -9.89%, contrasting sharply with the Sensex's minimal change of -0.02%. This consistent underperformance against the benchmark over the last three years, combined with the company's negative EBITDA and weak operating profit, highlights the challenges facing the stock and reinforces the bearish sentiment among investors.