Why is Ashish Polyplast falling/rising?

As of 13-Aug, Ashish Polyplast Ltd is experiencing a decline in its stock price, currently at 35.35, reflecting a decrease of 0.83 or 2.29%. The stock has underperformed its sector by 3.19% today and has been on a consecutive downward trend for the last three days, accumulating a total decline of 4.54% during this period. It is trading below all key moving averages, indicating a bearish trend. Additionally, the delivery volume has significantly decreased by 70.77% compared to the 5-day average, suggesting a lack of investor interest. 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, which further contributes to negative sentiment around the stock.
In the broader market context, Ashish Polyplast's short-term performance has been notably poor, with a 1-week return of -2.88%, while the benchmark Sensex has remained relatively stable with a change of -0.01%. Over the past year, the stock has generated a return of -45.76%, significantly underperforming the BSE500 index. This underperformance is compounded by flat results reported in June and a substantial decline in profits by 65%, which raises concerns about the company's ability to sustain growth. Overall, the combination of weak financial metrics, declining investor participation, and poor relative performance against the benchmark contributes to the stock's downward trajectory.