Why is Asahi Songwon falling/rising?

As of 30-Jul, Asahi Songwon Colors Ltd is experiencing a decline in its stock price, currently at Rs 398.00, which represents a decrease of 20.9 points or 4.99%. The stock has underperformed its sector by 4.96% today and has been on a consecutive downward trend for the last two days, accumulating a total loss of 9.73%. Over the past week, the stock has fallen by 6.65%, and in the last month, it has decreased by 10.55%. Despite a year-to-date gain of 6.89%, the stock has significantly underperformed over the past year with a return of -30.45%. The company's financials indicate a weak long-term fundamental strength, with a negative CAGR growth in operating profits over the last five years and a high Debt to EBITDA ratio, which negatively impacts investor sentiment.
In the broader market context, the Sensex has also shown negative returns, declining by 1.50% over the past week and 2.54% over the last month. However, Asahi Songwon's performance has been notably worse, indicating a lack of confidence among investors compared to the overall market. The company's recent financial results have been disappointing, with significant declines in profit before tax and profit after tax compared to previous quarters. Although the stock is trading at a discount relative to its peers and has seen a rise in investor participation, the overall negative sentiment and poor financial performance have contributed to its recent price decline.