Why is Asahi Songwon falling/rising?

As of 23-Sep, Asahi Songwon Colors Ltd is experiencing a price increase, currently at 287.75, reflecting a rise of 2.95 (1.04%). The stock has shown a positive performance today, outperforming its sector by 1.02% and has been gaining for the last three days, accumulating a total return of 1.86% during this period. However, despite this recent uptick, the stock has underperformed in the longer term, with a year-to-date decline of 22.72% and a one-year return of -37.80%. The company has an attractive valuation with a ROCE of 9 and a PEG ratio of 0.1, indicating potential for growth, but it also faces challenges such as a high Debt to EBITDA ratio and weak long-term fundamentals, which may contribute to investor caution.
In the broader market context, the stock's short-term return of +1.04% over the past week contrasts with the Sensex, which has declined by 0.34% during the same period. This indicates that Asahi Songwon is performing relatively well compared to the overall market. However, the stock's longer-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The falling investor participation, as evidenced by a significant drop in delivery volume, suggests that while there may be short-term gains, the overall sentiment towards the stock remains cautious, reflecting its ongoing struggles in the market.