Why is Sutlej Textiles falling/rising?

As of 24-Sep, Sutlej Textiles and Industries Ltd is currently priced at 37.49, reflecting an increase of 0.26 or 0.7%. The stock has shown a trend reversal by gaining after four consecutive days of decline, outperforming its sector by 1.13%. However, it is trading below all its moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.36%, while its year-to-date performance shows a significant decline of 44.00%. The company is facing operational challenges, including high debt levels and low profitability, as evidenced by a debt-to-EBITDA ratio of 8.68 times and a return on equity of only 3.91%. Furthermore, the recent quarterly results revealed a substantial drop in profit after tax, which has contributed to the stock's overall weak performance.
In the broader market context, Sutlej Textiles has underperformed against the Sensex, which has gained 4.58% year-to-date, while Sutlej has seen a decline of 44.00%. The stock's performance over the last three years has consistently lagged behind the benchmark, with a return of -49.06% compared to the Sensex's 40.65% gain. Despite a slight uptick in investor participation, indicated by a 13.66% increase in delivery volume, the overall sentiment remains cautious due to the company's weak long-term fundamentals and lack of domestic mutual fund investment. This combination of factors suggests that while there may be short-term gains, the long-term outlook for Sutlej Textiles remains challenging.