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

As of 15-Sep, 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 1.5 or 3.8%. The stock has underperformed its sector by 4.1% today and has seen a consecutive fall over the last two days, with a total drop of 5%. It opened significantly lower, down 6.84%, and reached an intraday low of Rs 36, marking an 8.86% decline. The stock is trading below all key moving averages, indicating a bearish trend. Additionally, the company has a negative book value and a weak long-term fundamental strength, with poor growth metrics such as a 6.08% annual increase in net sales and a debt-to-equity ratio averaging 0 times, contributing to its recent price movement.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with a 1-week return of -5.00% compared to the Sensex's gain of 1.24%. Over the past year, while the stock has generated a return of -11.13%, the Sensex has only declined by 1.33%, highlighting consistent underperformance. This trend has persisted over the last three years, where the stock has underperformed the BSE500 in each annual period. Despite a rise in investor participation, as indicated by a significant increase in delivery volume, the overall sentiment remains negative due to the company's financial instability and lack of growth, reinforcing the downward pressure on the stock price.