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

As of 25-Sep, Sri Lakshmi Saraswathi Textiles (Arni) Ltd is experiencing a decline in its stock price, currently at 37.44, which reflects a decrease of 0.56 or 1.47%. The stock has underperformed its sector by 0.34% today and has been on a downward trend for the last three days, accumulating a total loss of 3.51%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish sentiment. The company has a negative book value and a weak long-term fundamental strength, with net sales declining by 11.7% in the most recent quarter compared to the previous four-quarter average. Furthermore, the high debt levels and a negative EBITDA position contribute to the stock's riskiness, which may deter investors.
In the broader market context, the stock has shown a 1-week return of 2.86%, contrasting with a decline of 2.23% in the Sensex, suggesting some short-term resilience despite the overall negative trend. However, over the longer term, the stock has underperformed significantly, with a year-to-date return of -4.00% compared to a positive 3.87% for the benchmark index. This underperformance, coupled with falling investor participation and liquidity issues, paints a concerning picture for potential investors, reinforcing the stock's current downward trajectory.