Why is Ashish Polyplast falling/rising?

As of 26-Sep, Ashish Polyplast Ltd's stock price is currently at 39.50, reflecting a decrease of 0.5, or 1.25%. The stock has recently experienced a trend reversal, falling after three consecutive days of gains. In terms of performance, the stock has outperformed its sector by 0.48% today, but it has shown a negative return of 0.45% over the past week and a significant decline of 26.85% year-to-date. The company has weak long-term fundamentals, with a low Return on Capital Employed (ROCE) of 4.30% and a poor EBIT to Interest ratio of 0.27, indicating challenges in servicing its debt. Additionally, the stock's valuation appears expensive compared to its peers, trading at a premium with a Price to Book Value of 2, while profits have fallen by 65% over the past year.
In the broader market context, the stock has underperformed significantly compared to the benchmark, with a one-year return of -27.22% against the BSE500's -7.63%. This stark contrast highlights the stock's struggles relative to the market, contributing to its declining price. The recent drop in investor participation, with delivery volume falling by 96.56% against the five-day average, further exacerbates the stock's downward trend. Overall, while the stock has shown some short-term resilience, the combination of weak fundamentals, poor long-term growth, and a lack of investor confidence has led to its current price decline.