Why is Sri Ramakr. Mill falling/rising?

As of 21-Jul, Sri Ramakrishna Mills (Coimbatore) Ltd is experiencing a decline in its stock price, currently at Rs 60.40, which represents a decrease of 1.5 or 2.42%. Today's price summary indicates that the stock has underperformed its sector by 2% and has fallen after two consecutive days of gains, touching an intraday low of Rs 58.5, a drop of 5.49%. The stock's performance over the past week shows a modest increase of 1.17%, but it has significantly underperformed over the last year with a return of -21.43%. While the company has a very attractive valuation with a return on capital employed (ROCE) of 22.3 and is trading at a discount compared to peers, its profits have fallen by 48.6%, contributing to the negative sentiment surrounding the stock.
In the broader market context, the stock's recent performance contrasts sharply with the benchmark, as the Sensex has shown a slight decline of 0.06% over the past week. The company's high debt levels and weak long-term fundamental strength, evidenced by a negative annual growth rate in operating profit of -11.55% over the last five years, further exacerbate investor concerns. Despite a significant increase in delivery volume, indicating rising investor participation, the overall market sentiment remains cautious due to the company's flat results and substantial underperformance relative to the broader market, which has generated positive returns of 1.63% over the last year.