Why is Ashish Polyplast falling/rising?

As of 08-Sep, Ashish Polyplast Ltd is experiencing a decline in its stock price, currently at Rs 36.05, which reflects a decrease of Rs 1.45 or 3.87%. The stock has underperformed significantly today, with a performance that is 3.18% lower than its sector. It reached an intraday low of Rs 35.8, marking a drop of 4.53%. The stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 66.37% compared to the 5-day average. The company's long-term fundamentals are weak, highlighted by a low Return on Capital Employed (ROCE) of 4.29% and a concerning EBIT to Interest ratio of 0.27, which suggests difficulties in servicing its debt. Over the past year, the stock has generated a return of -44.94%, with profits declining by 65%, further contributing to its negative outlook.
In the broader market context, Ashish Polyplast's short-term performance has been unfavorable compared to the benchmark, as it has recorded a -0.47% return over the past week, while the Sensex has gained 0.53%. This underperformance is consistent with its longer-term trends, where the stock has lagged behind the BSE500 over the last three years, one year, and three months. The company's flat results in June and its expensive valuation, with a Price to Book Value of 1.9, compared to its peers, further exacerbate its challenges in attracting investors. Overall, the combination of weak financial metrics, declining investor interest, and poor relative performance against the market contributes to the stock's downward trajectory.