Why is Ashish Polyplast falling/rising?

As of 11-Sep, Ashish Polyplast Ltd's stock price is currently at 36.54, reflecting a decrease of 0.04, or 0.11%. The stock has underperformed its sector today by 0.95% and has experienced a trend reversal, falling after two consecutive days of gains. It is trading below all key moving averages, indicating a bearish trend. Over the past week, the stock has declined by 1.24%, while it has shown a marginal increase of 0.11% over the past month. However, the stock has significantly underperformed over the year, with a return of -41.91%, and its profits have decreased by 65%. The company's weak long-term fundamentals, highlighted by a low Return on Capital Employed (ROCE) of 4.30% and poor growth in net sales and operating profit, contribute to its negative performance.
In the broader market context, the Sensex has gained 1.03% over the past week and 1.17% over the past month, contrasting sharply with Ashish Polyplast's negative returns. This indicates that while the overall market is experiencing upward momentum, Ashish Polyplast is struggling to keep pace. The stock's liquidity is adequate for trading, but the weak fundamentals and high valuation compared to peers suggest that investor confidence is low, leading to a decline in its stock price. Overall, the combination of poor financial performance and market conditions has resulted in the stock's downward movement.