Why is Sri Ramakr. Mill falling/rising?

As of 23-Jul, Sri Ramakrishna Mills (Coimbatore) Ltd is experiencing a decline in its stock price, currently at Rs 59.80, reflecting a decrease of 2.1 (-3.39%). The stock opened significantly lower today, with a gap down of 10.99%, and reached an intraday low of Rs 55.1. Today's performance indicates a substantial underperformance against its sector by 4.58%. Over the past week, the stock has shown a positive return of 5.65%, but it has underperformed in the longer term, with a year-to-date return of -9.79% and a one-year return of -14.69%. The company has a high debt level and weak long-term fundamentals, as evidenced by a decline in operating profit and a significant drop in profits over the past year.
In the broader market context, while the Sensex has generated a modest return of 1.01% over the past month, Sri Ramakrishna Mills has outperformed with a return of 17.72% during the same period. However, the stock's overall performance has been lackluster, particularly in the last year, where it has significantly lagged behind the market, which has returned 1.79%. The company's high debt-to-equity ratio and poor long-term growth prospects contribute to investor caution, leading to decreased participation in trading, as reflected in the falling delivery volume. Despite its attractive valuation metrics, the combination of weak fundamentals and recent poor performance has resulted in the stock's current downward trajectory.