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

As of 12-Aug, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at 38.06, reflecting a decrease of 0.19 or 0.5%. The stock has fallen after two consecutive days of gains, and it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has seen a significant drop of 10.87%, while its performance over the last month and year also shows declines of 4.85% and 12.04%, respectively. Despite a recent increase in delivery volume by 232.58% against the 5-day average, the company faces challenges such as a negative book value, high debt levels, and poor long-term growth, which contribute to its weak fundamental strength.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark, with the Sensex declining only 0.59% over the past week and showing a positive return of 2.68% year-to-date. This consistent underperformance against the benchmark over the last three years highlights the stock's struggles, particularly as it has generated negative returns while the broader market has seen gains. The company's flat results and negative EBITDA further exacerbate investor concerns, leading to a perception of increased risk associated with holding the stock.