Why is Sri Nacha. Cott. falling/rising?

As of 16-Jul, Sri Nachammai Cotton Mills Ltd's stock price is currently at Rs 34.99, reflecting an increase of Rs 1.0 or 2.94%. The stock has shown a strong performance today, outperforming its sector by 2.41% and opening with a significant gain of 11.18%. It reached an intraday high of Rs 37.79 but also experienced volatility, trading within a wide range of Rs 5.21. Despite this positive movement, the company faces challenges, including high debt levels and weak long-term fundamentals, with net sales declining at an annual rate of -13.60% and operating profit at -184.82% over the last five years. These factors contribute to a risky investment profile, despite a slight return of 0.55% over the past year.
In the broader market context, the stock has outperformed the Sensex in the short term, with a 1-week return of +5.42% compared to the benchmark's -1.08%. However, the year-to-date performance shows a decline of -17.28% for the stock against a +5.75% increase in the Sensex, indicating a significant underperformance over a longer period. The rising investor participation, evidenced by a 207.21% increase in delivery volume, suggests some renewed interest, but the overall financial health of the company remains a concern, limiting its potential for sustained growth.