Why is Vardhman Polytex falling/rising?

As of 25-Aug, Vardhman Polytex Ltd's stock price is currently at 9.20, reflecting a decrease of 0.2, or 2.13%. The stock has underperformed its sector by 1.5% today and has been on a downward trend, losing 4.66% over the past two days. It is trading below all key moving averages, indicating a bearish sentiment. Additionally, the stock has experienced a significant drop in investor participation, with delivery volume falling by 76.91% compared to the five-day average. The company's fundamentals are concerning, as it has a negative book value, high debt levels, and poor long-term growth metrics, including a decline in net sales and operating profit over the past five years. Furthermore, 69.62% of promoter shares are pledged, which adds to the stock's risk and downward pressure in a falling market.
In the broader market context, Vardhman Polytex's performance over the last week shows a gain of 3.49%, contrasting with the Sensex's modest increase of 0.45%. However, over the past month, the stock has declined by 13.21%, while the Sensex has only risen by 0.21%. This stark difference highlights the stock's underperformance relative to the market, particularly over the last year, where it has fallen by 16.44% compared to the BSE500's negative return of 2.11%. The combination of weak fundamentals, high debt, and significant promoter share pledging contributes to the stock's declining price trajectory.