Why is Sutlej Textiles falling/rising?

As of 13-Aug, Sutlej Textiles and Industries Ltd is currently priced at 36.20, reflecting an increase of 0.36 or 1.0%. Despite this slight uptick today, the stock has shown a significant decline over the past week and month, with returns of -9.11% and -21.27%, respectively. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 19.9% compared to the 5-day average. The company's financial health is concerning, as it has reported operating losses and a high Debt to EBITDA ratio of 8.68 times, which raises questions about its ability to service debt. Furthermore, the recent negative results, including a PAT of Rs -30.10 crore, highlight ongoing profitability issues.
In the broader market context, Sutlej Textiles has underperformed relative to the Sensex, which has seen a minimal decline of only 0.01% over the past week. The stock's long-term performance is also troubling, with a year-to-date return of -45.93% compared to the Sensex's positive return of 3.07%. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in its future prospects. Overall, while the stock has experienced a minor increase today, the underlying financial challenges and poor performance relative to the benchmark indicate a continued struggle for Sutlej Textiles.