Why is Anik Industries falling/rising?

As of 12-Aug, Anik Industries Ltd is experiencing a slight decline in its stock price, currently at 94.35, reflecting a decrease of 0.01 (-0.01%). The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 5.46% during this period. Additionally, the stock is trading below all its moving averages, indicating a bearish trend. Despite positive financial results over the last four quarters, including a significant growth in net sales and a higher profit after tax, the long-term fundamentals appear weak, with a negative CAGR growth in net sales over the past five years and a low return on equity, which may be contributing to the stock's recent downward movement.
In the broader market context, the stock's performance has been relatively strong over the past year, generating a return of 35.58%, while the benchmark Sensex has only returned 0.74%. However, in the short term, the stock has underperformed compared to the benchmark, with a 9.50% decline over the past month against a 2.75% drop in the Sensex. This disparity highlights the stock's volatility and the challenges it faces in maintaining investor confidence, particularly in light of falling investor participation and liquidity issues.