Why is Anjani Synth. falling/rising?

As of 22-Sep, Anjani Synthetics Ltd is experiencing a price increase, currently at 32.30, which reflects a rise of 0.92 or 2.93%. Today's performance indicates a trend reversal as the stock has gained after two consecutive days of decline, outperforming its sector by 3.64%. However, despite this uptick, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting ongoing weakness. Over the past year, the stock has generated a return of -22.49%, and its profits have decreased by 8.9%. The company has a low Return on Equity (4.59%) and a high Debt to EBITDA ratio (4.85), indicating challenges in profitability and debt servicing, which contribute to its weak long-term fundamentals.
In the broader market context, Anjani Synthetics has underperformed against the Sensex, with a 1-week return of -1.79% compared to the benchmark's +0.46%. The stock's year-to-date performance shows a significant decline of -30.34%, while the Sensex has gained 5.15% during the same period. This stark contrast highlights the stock's struggles relative to the market, compounded by a decrease in investor participation, as evidenced by a 14.12% drop in delivery volume. Overall, while the recent price increase may suggest a temporary rebound, the underlying financial challenges and poor performance metrics indicate a continued struggle for the stock in the broader market landscape.