Why is Anjani Synth. falling/rising?

As of 03-Nov, Anjani Synthetics Ltd is experiencing a decline in its stock price, currently at Rs. 24.09, reflecting a decrease of 1.01 (-4.02%). The stock has hit a new 52-week low of Rs. 23.8 today and has underperformed its sector by 5.12%. Over the past week, the stock has fallen by 8.78%, and it has seen a significant decline of 48.42% over the past year. The company's performance has been further impacted by a decrease in investor participation, with delivery volume dropping by 23.94% against the 5-day average. Although promoters have increased their stake by 0.68%, indicating confidence in the company's future, the overall sentiment remains negative due to weak long-term fundamentals, including a high Debt to EBITDA ratio and declining operating profits.
In the broader market context, Anjani Synthetics Ltd's recent performance contrasts sharply with the Sensex, which has gained 3.41% over the past month. The stock's consecutive falls and its current trading below all moving averages suggest a lack of momentum compared to the benchmark. While the company's valuation appears attractive with a low enterprise value to capital employed ratio, the significant drop in stock price and negative returns over various periods indicate that investors are cautious, especially given the company's weak profitability metrics and underperformance relative to broader market indices.