Why is Asahi Songwon falling/rising?

As of 18-Sep, Asahi Songwon Colors Ltd is experiencing a decline in its stock price, currently at 282.50, reflecting a decrease of 1.9 or 0.67%. The stock has underperformed its sector today by 0.44% and has been on a consecutive downward trend for the last two days, with a total decline of 0.81% in that period. Over the past week, the stock has decreased by 2.23%, and it has shown a significant drop of 43.50% over the past year. Despite a notable increase in profits by 163.2%, the stock's performance has been hindered by weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 6.38% and a high Debt to EBITDA ratio of 7.38 times, which raises concerns about its ability to service debt.
In the broader market context, the Sensex has increased by 1.80% over the past week, contrasting sharply with Asahi Songwon's negative performance. This underperformance is further highlighted by the stock's returns compared to the benchmark, as it has lagged behind the BSE500 over the last three years, one year, and three months. The stock's liquidity is adequate for trading, but a significant drop in delivery volume by 32.91% against the five-day average indicates falling investor participation, which may contribute to the stock's ongoing decline. Overall, the combination of poor short-term performance, weak fundamentals, and declining investor interest suggests a challenging outlook for Asahi Songwon Colors Ltd.