Why is Sri Nacha. Cott. falling/rising?

As of 11-Jul, Sri Nachammai Cotton Mills Ltd's stock price is currently at Rs 34.80, reflecting an increase of Rs 1.06, or 3.14%. The stock has shown a positive performance today, outperforming its sector by 4.66% and gaining 4.85% over the last two days. It opened with a gain of 2.99% and reached an intraday high of Rs 39.99, although it also experienced significant volatility with a wide trading range of Rs 6.99. Despite this short-term upward movement, the company faces serious challenges, including high debt levels and weak long-term fundamentals, with net sales declining at an annual rate of -13.60% over the past five years. The stock has consistently underperformed against benchmarks, generating a return of -0.85% over the past year, which raises concerns about its long-term viability.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as it has gained 5.42% over the past week while the Sensex has declined by 1.12%. However, the company's year-to-date performance remains poor, with a decline of -17.73% compared to the Sensex's increase of 5.58%. This disparity highlights the stock's volatility and the risks associated with investing in a company that has shown consistent underperformance against market indices. The falling investor participation, indicated by a significant drop in delivery volume, further suggests a lack of confidence among investors, which could impact future price movements.