Why is Ashish Polyplast falling/rising?

As of 02-Jul, Ashish Polyplast Ltd's stock price is currently at Rs 36.20, reflecting a decline of Rs 1.42 or 3.77%. The stock opened higher today with a gain of 2.15%, reaching an intraday high of Rs 38.43, but ultimately fell to its current low. The stock has underperformed its sector by 3.1% today, and it is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has decreased by 4.76%, and it has shown significant declines over the past month and year, with returns of -9.16% and -51.89%, respectively. 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, contribute to its declining stock price. Additionally, the company reported flat results with an EPS of Rs -1.18, and its profits have fallen by 60% over the past year, further exacerbating investor concerns.
In the broader market context, Ashish Polyplast's recent performance contrasts sharply with the Sensex, which has gained 0.79% over the past week and 2.50% over the past month. The stock's significant underperformance relative to the benchmark indicates a lack of investor confidence, particularly as delivery volumes have decreased by 37.66% against the five-day average. This decline in investor participation, coupled with the company's inability to generate sustainable growth, has led to a perception of the stock as a strong sell. Overall, the combination of poor financial performance, weak fundamentals, and declining investor interest has resulted in the stock's downward movement.