Why is Zodiac Cloth. Co falling/rising?

As of 08-Sep, Zodiac Clothing Company Ltd is experiencing a decline in its stock price, currently at Rs 97.71, reflecting a decrease of Rs 1.96 or 1.97%. The stock has underperformed its sector by 3.01% today, opening with a loss of 2.14% and reaching an intraday low of Rs 97.05. Over the past week, the stock has shown a slight increase of 0.62%, but it has significantly underperformed over the longer term, with a year-to-date decline of 24.49%. The company is trading below all key moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 52.03% compared to the five-day average. The company's weak long-term fundamentals, characterized by operating losses and a negative EBIT to interest ratio, further contribute to the stock's downward movement.
In the broader market context, the Sensex has increased by 0.53% over the past week, contrasting with Zodiac Clothing's performance. While the stock has generated a return of -24.23% over the past year, the benchmark has only slightly declined by 0.49%. This underperformance is compounded by negative financial indicators, such as a significant drop in net sales and a high debt-equity ratio, which suggest that the company is struggling to maintain its financial health. The overall market sentiment appears to be more favorable than that of Zodiac Clothing, highlighting the company's challenges in attracting investor confidence amidst its ongoing operational difficulties.