Why is Sutlej Textiles falling/rising?

As of 19-Aug, Sutlej Textiles and Industries Ltd is experiencing a price increase, currently at Rs 39.48, which reflects a rise of 1.2 or 3.13%. Today, the stock outperformed its sector by 1.84% and reached an intraday high of Rs 39.79, marking a 3.94% increase. However, despite this positive movement, the stock has shown a significant decline over the past month, with a return of -15.13%, and a year-to-date drop of -41.03%. The company is facing challenges, including operating losses and a high Debt to EBITDA ratio of 8.68 times, which indicates a weak ability to service debt. Additionally, the stock's low Return on Equity of 3.91% suggests poor profitability, and the recent negative profit after tax of Rs -30.10 crore, which fell by 76% compared to the previous quarter, raises concerns about its financial health.
Broader market context indicates that while Sutlej Textiles has outperformed the Sensex in the short term, the stock has underperformed significantly over longer periods, with a -40.05% return over the past year compared to a +4.49% increase in the benchmark. This stark contrast highlights the stock's struggles relative to the broader market, particularly given its below-par performance in both the near and long term. The lack of domestic mutual fund investment, which stands at 0%, further underscores the market's cautious stance towards the company's prospects, suggesting that investors may be wary of its current valuation and business fundamentals.