Why is Suryalata Spg. falling/rising?

As of 29-Aug, Suryalata Spinning Mills Ltd's stock price is currently at Rs 308.25, reflecting a decrease of Rs 3.75, or 1.2%. Today's price summary indicates that the stock has underperformed its sector by 0.5% and has experienced a trend reversal, falling after two consecutive days of gains. The stock opened with a loss of 2.79% and reached an intraday low of Rs 303.3. Over the past week, the stock has declined by 1.99%, and over the last month, it has dropped 14.37%, significantly underperforming the benchmark Sensex, which has only fallen by 1.84% during the same period. Although the company reported positive results in June, including a 51.9% growth in PAT and a low debt-equity ratio, the stock's long-term fundamentals are weak, evidenced by a -7.53% CAGR growth in operating profits over the last five years and a high percentage of pledged promoter shares.
Broader market context shows that Suryalata Spinning Mills Ltd has underperformed the market significantly over the past year, with a return of -24.36% compared to the BSE500's -5.40%. This stark contrast highlights the stock's struggles amidst a generally declining market. The company’s low return on equity and profitability per unit of shareholder funds further contribute to investor concerns, leading to a lack of confidence in the stock's future performance. Despite attractive valuations and rising investor participation, the overall negative sentiment surrounding the stock, particularly due to its weak long-term fundamentals and high promoter share pledging, has resulted in its current downward price movement.