Why is Ashish Polyplast falling/rising?

As of 20-Jun, Ashish Polyplast Ltd's stock price is currently at Rs 36.44, reflecting a decline of Rs 1.19 or 3.16%. The stock has been underperforming significantly, having fallen for the last three days with a total decline of 8.76%. Today, it opened with a substantial loss of 9.62%, reaching an intraday low of Rs 34.01, while the highest point was Rs 40. The stock is trading below all its moving averages, indicating a bearish trend. Furthermore, the company has shown weak long-term fundamental strength, with a low Return on Capital Employed (ROCE) of 4.29% and a concerning EBIT to Interest ratio of 0.27. Over the past year, the stock has generated a return of -38.13%, with profits decreasing by 60%, which has contributed to its poor performance relative to peers.
In the broader market context, Ashish Polyplast's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.96% compared to the Sensex's gain of 1.59%. This stark contrast highlights the stock's struggles in a generally positive market environment. Additionally, while the stock has seen a rise in delivery volume, indicating some investor interest, the overall sentiment remains negative due to the company's flat financial results and high valuation compared to its peers. The combination of weak fundamentals and poor recent performance has led to a bearish outlook for Ashish Polyplast Ltd.