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

As of 24-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at 38.00, which reflects a decrease of 0.3 or 0.78%. The stock has underperformed its sector by 0.35% today and has been on a consecutive downward trend for the last two days, resulting in a total decline of 2.06%. Additionally, the stock's performance over the past week shows a drop of 1.68%, and it has underperformed the benchmark Sensex, which has gained 0.50% over the past month. The company is facing challenges with a negative book value and weak long-term growth, as evidenced by stagnant net sales and operating profit over the last five years. Furthermore, the stock's high debt levels and negative EBITDA contribute to its risky profile, impacting investor confidence.
Broader Market Context: The broader market context indicates that while the Sensex has shown a positive return of 4.58% year-to-date, Sri Lakshmi Saraswathi Textiles has declined by 2.56% in the same period. This stark contrast highlights the company's struggles relative to the overall market performance. The stock's liquidity has also been affected, with a significant drop in delivery volume, suggesting reduced investor participation. Overall, the combination of poor financial fundamentals, declining sales, and a lack of investor interest has led to the stock's recent downward movement.