Why is Sri Nacha. Cott. falling/rising?

As of 16-Sep, Sri Nachammai Cotton Mills Ltd is experiencing a price increase, currently at 35.47, reflecting a change of 0.74 or 2.13% upward. Today's price summary indicates that the stock has outperformed its sector by 0.68%, and it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. However, there is a notable decline in investor participation, with delivery volume dropping by 71.77% compared to the 5-day average. The stock has shown mixed performance over various periods, with a 1-month return of +4.66% but a year-to-date decline of -16.15%. The company faces significant challenges, including operating losses, a high debt-to-equity ratio of 2.44, and a negative growth rate in net sales, which has contributed to its weak long-term fundamental strength.
Broader market context reveals that while the stock has seen a slight uptick recently, it has consistently underperformed against the benchmark, with a 1-year return of -20.11% compared to the Sensex's -0.73%. Over the last three years, the stock has shown a significant underperformance, with a decline of 29.62% against a 40.01% increase in the benchmark. This consistent underperformance, coupled with the company's financial struggles, suggests that while there may be short-term gains, the long-term outlook remains precarious, reflecting broader market sentiments that could impact future price movements.