Why is Victoria Mills falling/rising?

As of 01-Aug, Victoria Mills Ltd is experiencing a decline in its stock price, currently at Rs 6,001.00, reflecting a decrease of Rs 199.0 or 3.21%. Today's price summary indicates that the stock opened with a loss of 3.04% and reached an intraday low of Rs 6,001, underperforming its sector by 1.64%. The stock has also been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Furthermore, there has been a significant drop in investor participation, with delivery volume falling by 62.37% compared to the 5-day average. Despite the company declaring positive results over the last six quarters, including a substantial growth in net sales and an attractive valuation, it faces challenges such as operating losses and weak long-term growth, which contribute to the current downward pressure on the stock.
In the broader market context, Victoria Mills has underperformed compared to the Sensex, with a 1-week return of -3.98% against the benchmark's -1.06%. Over the past month, the stock has declined by 6.23%, while the Sensex fell by 3.70%. This underperformance highlights the stock's struggles relative to the market, despite the company's profits increasing by 9% over the past year. The weak EBIT to interest ratio and the company's inability to service its debt effectively further exacerbate investor concerns, leading to the stock's current decline.