Why is Sri Ramakr. Mill falling/rising?

As of 09-Sep, Sri Ramakrishna Mills (Coimbatore) Ltd is experiencing a decline in its stock price, currently at Rs 50.35, which reflects a decrease of Rs 1.15 or 2.23%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.59% during this period. It opened lower today, with a gap down of 2.89%, and reached an intraday low of Rs 50.01. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the company has reported poor financial performance, with a significant drop in net sales and profits over the last six months, alongside a high debt-to-equity ratio, which raises concerns about its long-term viability.
In the broader market context, the stock's performance has been notably weaker compared to the benchmark Sensex, which has gained 1.18% over the past week while Sri Ramakrishna Mills has declined by 1.06%. This trend of underperformance is consistent over the past month and year, with the stock down 0.67% and 24.74% respectively, while the Sensex has shown positive returns. The company's high debt levels and negative operating profits further contribute to its risk profile, making it less attractive to investors, especially in comparison to the overall market performance.