Why is Sri Ramakr. Mill falling/rising?

As of 03-Jul, Sri Ramakrishna Mills (Coimbatore) Ltd is experiencing a decline in its stock price, currently at Rs 57.26, which represents a decrease of 5.12 (-8.21%). Today, the stock opened with a gain of 3.4% but subsequently fell to an intraday low of Rs 57.26, indicating high volatility with a wide trading range of Rs 7.24. Despite a positive performance over the past week and month, with returns of +12.67% and +24.48% respectively, the stock has underperformed its sector by 8.51% today. The company has a high debt level and weak long-term fundamental strength, with profits falling by 48.6% over the past year, contributing to the negative sentiment surrounding its stock.
Broader market context shows that while the Sensex has increased by 3.10% over the past month, Sri Ramakrishna Mills has struggled with a year-to-date return of -13.62%. This stark contrast highlights the stock's underperformance relative to the broader market. The company's attractive valuation metrics, such as a return on capital employed (ROCE) of 22.3 and a discount compared to peers, are overshadowed by concerns over its high debt and declining operating profits. Overall, the combination of these stock-specific factors and the broader market context suggests that investor sentiment is currently negative, leading to the stock's decline.