Why is Ahlada Engineers falling/rising?

As of 15-Sep, Ahlada Engineers Ltd is currently priced at 57.74, reflecting an increase of 0.35 or 0.61%. Today's price movement is inline with the sector, with the stock trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite this slight uptick, the stock has experienced significant declines over the past year, with a return of -50.24%. The company has reported a return on capital employed (ROCE) of 6, indicating a very attractive valuation, but it is trading at a discount compared to its peers. However, the stock's performance is overshadowed by a substantial drop in profits, which have fallen by 82.5% over the past year, and negative results for the last four consecutive quarters, leading to a weak long-term fundamental strength.
In the broader market context, the stock has underperformed against the benchmark, with a -4.80% return over the past month compared to a +1.78% return for the Sensex. This consistent underperformance is evident over the last three years, where the stock has generated -50.24% returns while the BSE500 has shown resilience. The majority of shareholders are non-institutional, which may contribute to the stock's volatility. The liquidity of the stock appears adequate, with a delivery volume increase of 25.34% against the 5-day average, but the overall weak fundamentals and declining sales figures suggest that investor confidence remains low, impacting the stock's potential for recovery.