Why is Swadeshi Polytex falling/rising?

As of 26-Aug, Swadeshi Polytex Ltd's stock price is currently at Rs 64.81, reflecting a decline of Rs 2.44 or 3.63%. The stock has underperformed its sector by 1.06% today, marking a trend reversal after six consecutive days of gains. During the trading session, the stock reached an intraday high of Rs 69 but also fell to a low of Rs 63.68, indicating significant volatility. Additionally, the stock's year-to-date performance shows a decline of 29.69%, while it has experienced a substantial drop of 44.61% over the past year. The recent trading volume has decreased significantly, with delivery volume falling by 76.92% against the five-day average, suggesting a decline in investor participation.
Broader market context indicates that the textile sector has also faced challenges, with a decline of 2.54%. In the short term, Swadeshi Polytex has outperformed the benchmark Sensex over the past week, gaining 8.98% compared to the Sensex's drop of 1.05%. However, the stock's long-term performance remains concerning, with a year-to-date decline significantly worse than the Sensex's positive return of 3.39%. This combination of sector weakness, reduced investor interest, and a recent trend reversal contributes to the stock's current downward movement.