Why is Swadeshi Polytex falling/rising?

As of 10-Sep, Swadeshi Polytex Ltd is experiencing a decline in its stock price, currently at Rs 66.53, which reflects a decrease of Rs 2.64 or 3.82%. The stock has been underperforming, having lost 7.47% over the last two days and showing a performance today that is 6.4% lower than its sector. Although it opened with a gain of 2.14% and reached an intraday high of Rs 70.65, it also touched a low of Rs 65.03, indicating significant volatility. In terms of returns, the stock has underperformed the benchmark Sensex over various periods, with a year-to-date decline of 27.83% compared to a 4.21% increase in the Sensex.
Broader Market Context: In the short term, Swadeshi Polytex's performance has been notably weaker than the benchmark, as it has declined by 4.96% over the past week while the Sensex gained 1.06%. The textile sector overall has seen a gain of 2.44%, contrasting with the stock's recent struggles. Additionally, there has been a decrease in investor participation, with delivery volume falling by 27.93% against the five-day average, which may indicate waning interest among investors. Despite the stock being liquid enough for trading, its recent performance and the broader market context suggest challenges ahead for Swadeshi Polytex.