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

As of 18-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at Rs 36.40, which reflects a decrease of Rs 2.25 or 5.82%. Today's performance indicates that the stock has underperformed its sector by 6.02%, with an intraday low of Rs 36.02, marking a drop of 6.8%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Additionally, despite a rise in delivery volume by 141.23% against the 5-day average, the company faces significant challenges, including a negative book value and a high debt-to-equity ratio, which contribute to its weak long-term fundamental strength. The stock has consistently underperformed against benchmarks, with a 19.04% decline over the past year.
In the broader market context, the stock's performance over the past week shows a decline of 9.00%, while the Sensex has increased by 1.80%, highlighting a stark contrast between the stock and the overall market. Over the past month, the stock has decreased by 6.67%, compared to a 2.14% rise in the Sensex. This consistent underperformance against the benchmark over the last three years, coupled with poor growth metrics, indicates that investor sentiment is likely negative, further exacerbating the stock's decline. The company's flat results and negative EBITDA signal ongoing financial struggles, making it a risky investment compared to historical valuations.