Why is Ashish Polyplast falling/rising?

As of 30-Jun, Ashish Polyplast Ltd's stock price is currently at 36.16, reflecting a decrease of 0.05, or 0.14%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 4.87% during this period. Additionally, the stock has shown negative returns over various time frames, including a 1-week decline of 2.24% and a significant 1-year drop of 50.01%. The company's weak long-term fundamentals, characterized by a low Return on Capital Employed (ROCE) of 4.29% and a poor EBIT to Interest ratio of 0.27, further contribute to the stock's downward trajectory. The recent flat results, including an EPS of Rs -1.18, and the stock trading at a premium compared to its peers, indicate a lack of investor confidence.
In the broader market context, Ashish Polyplast's performance contrasts sharply with the Sensex, which has gained 2.09% over the past week. The stock's underperformance is evident as it has lagged behind the benchmark not only in the short term but also over the past year and three years. While there has been a slight increase in delivery volume, indicating some rising investor participation, it is not sufficient to counterbalance the overall negative sentiment surrounding the stock. The combination of poor financial health, weak growth prospects, and a significant decline in profits has led to a prevailing view of the stock as a strong sell.