Why is Asahi Songwon falling/rising?

As of 11-Aug, Asahi Songwon Colors Ltd is experiencing a price increase, currently at Rs 310.25, reflecting a rise of Rs 15.1 or 5.12%. The stock has shown a positive performance today, outperforming its sector by 4.92% and achieving a consecutive gain over the last two days with a total return of 6.03%. Despite this recent uptick, the stock has faced significant challenges, with a one-year return of -40.92% and a year-to-date decline of -16.68%. The company has a Return on Capital Employed (ROCE) of 9, which suggests an attractive valuation, particularly as it is trading at a discount compared to its peers. However, the stock's long-term fundamentals are weak, with a high Debt to EBITDA ratio and poor growth in operating profit over the past five years.
In the broader market context, the stock has underperformed the benchmark Sensex, which has gained 3.15% year-to-date, while Asahi Songwon has seen a decline of 16.68%. Over the past week, the stock has dropped by 9.08%, contrasting sharply with the Sensex's minor decline of 0.51%. This disparity highlights the stock's struggles in the short term, despite recent gains. The rising investor participation, indicated by a significant increase in delivery volume, may suggest a potential shift in market sentiment, but the overall performance metrics indicate that the stock remains under pressure compared to broader market trends.