Why is Asahi Songwon falling/rising?

As of 04-Aug, Asahi Songwon Colors Ltd is experiencing a decline in its stock price, currently at Rs 341.25, which represents a decrease of Rs 10.75 or 3.05%. The stock has been underperforming significantly, having fallen by 22.60% over the past week and 20.92% over the past month. It has also been on a consecutive downward trend for the last five days. Today's performance indicates that the stock opened with a loss of 3.03% and reached an intraday low of Rs 341.25. Despite a notable increase in delivery volume, which rose by 221.09% against the 5-day average, the stock is trading below all key moving averages. The company has shown a negative return of -34.08% over the past year, despite a significant profit increase of 163.2%, indicating a disconnect between stock performance and profitability.
In the broader market context, the stock's recent performance contrasts sharply with the Sensex, which has gained 0.16% over the past week. Asahi Songwon's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 6.38% and a high Debt to EBITDA ratio of 7.38 times, contribute to its poor market perception. Additionally, the company's flat results in the latest quarter, with significant declines in profit before tax and profit after tax compared to previous averages, further exacerbate investor concerns. Overall, the stock's inability to keep pace with the benchmark and its ongoing underperformance in both short-term and long-term metrics suggest a challenging outlook for investors.