Why is Asahi Songwon falling/rising?

As of 24-Sep, Asahi Songwon Colors Ltd is experiencing a decline in its stock price, currently at Rs 284.45, which reflects a decrease of Rs 3.75 or 1.3%. Today's price summary indicates that the stock has underperformed its sector by 1.72% and has fallen after three consecutive days of gains. It reached an intraday low of Rs 280.95, marking a 2.52% drop. Over the past week, the stock has shown a slight increase of 0.02%, but it has significantly underperformed over the last month with a decline of 8.24%. The stock's long-term performance is concerning, with a year-to-date return of -23.61% and a one-year return of -38.17%. Despite a notable increase in profits by 163.2% over the past year, the stock's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) and a high Debt to EBITDA ratio, contribute to its negative price movement.
In the broader market context, the stock's short-term performance contrasts with the benchmark Sensex, which has seen a decline of 1.18% over the past week, indicating that while the stock has slightly outperformed the benchmark in this timeframe, it remains significantly behind in longer-term comparisons. The Sensex has gained 4.58% year-to-date, highlighting the stock's struggle against the broader market trends. The falling investor participation, as evidenced by a 35.03% decrease in delivery volume, further exacerbates the stock's challenges. Overall, the combination of underwhelming financial metrics, poor long-term growth prospects, and negative market sentiment is driving the stock's recent decline.