Why is 20 Microns falling/rising?

As of 29-Sep, 20 Microns Ltd's stock price is currently at Rs 212.00, reflecting a decrease of Rs 9.05 or 4.09%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.73% during this period. It opened with a loss of 2.65% today and reached an intraday low of Rs 210. The stock is trading below its moving averages across various time frames, indicating a bearish trend. Additionally, there has been a decline in investor participation, with delivery volume decreasing by 5.93% compared to the five-day average. Despite a negative return of 28.46% over the past year, the company's profits have increased by 3.8%, and it maintains a low Debt to EBITDA ratio of 1.11, suggesting a strong ability to service debt.
In the broader market context, 20 Microns Ltd has underperformed the Sensex, which has only declined by 2.18% over the past week, while the stock itself has dropped by 7.32%. This significant underperformance in the short term highlights the challenges the company is facing compared to the overall market. Although the stock is trading at a discount relative to its peers and has an attractive valuation based on its ROCE and enterprise value metrics, the recent price movements and declining investor interest suggest a cautious outlook. The combination of these factors indicates that while the company has some positive attributes, the current market sentiment is negatively impacting its stock price.