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

As of 31-Jul, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at Rs 38.00, which reflects a decrease of Rs 2.0 or 5.0%. The stock has underperformed its sector today by 2.65%, reaching an intraday low of Rs 38. It is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has shown a slight decline of 0.13%, while its performance over the past month has been significantly worse, with a drop of 9.63%. The company's long-term fundamentals are weak, characterized by a negative book value, high debt levels, and poor growth in net sales and operating profit. Additionally, the stock has consistently underperformed against the benchmark indices over the last three years, with a one-year return of -9.97%.
In the broader market context, the Sensex has declined by 1.22% over the past week and 3.00% over the past month, indicating a challenging environment for stocks in general. Despite the overall market downturn, Sri Lakshmi Saraswathi Textiles has fared worse, highlighting its specific struggles. The textile sector itself has also fallen by 2.44%, contributing to the negative sentiment surrounding the stock. Furthermore, a significant drop in investor participation, with delivery volume falling by 44% against the five-day average, suggests diminishing interest in the stock, which may further exacerbate its price decline.