Why is Asahi Songwon falling/rising?

As of 22-Sep, Asahi Songwon Colors Ltd is experiencing a price increase, currently at Rs 286.90, reflecting a rise of 3.7 or 1.31%. The stock has shown a positive performance today, outperforming its sector by 0.28% and achieving consecutive gains over the last two days with a total return of 1.56%. However, despite this short-term uptick, the stock has faced significant challenges, with a year-to-date decline of 22.95% and a staggering 41.09% drop over the past year. The company has a Return on Capital Employed (ROCE) of 9, which indicates an attractive valuation relative to its peers, yet it also suffers from weak long-term fundamentals, including a high Debt to EBITDA ratio and poor growth in operating profit.
Broader market context shows that while Asahi Songwon has outperformed the Sensex in the short term, with a 1-week return of 2.45% compared to the benchmark's 0.46%, its long-term performance remains concerning. The stock's performance over the past year and three years has been notably below par, with significant underperformance against broader indices. This juxtaposition of short-term gains against a backdrop of long-term declines highlights the volatility and challenges faced by the company, which may lead investors to approach with caution despite recent positive movements.