Why is BLB falling/rising?

As of 24-Sep, BLB Ltd's stock price is currently at 16.02, reflecting a slight decrease of 0.01, or 0.06%. The stock's performance today is in line with its sector, and it is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. Notably, there has been a significant increase in investor participation, with delivery volume rising by 67.4% compared to the 5-day average. Despite this, the stock has shown a substantial decline over the past year, with a return of -21.51%, and its profits have decreased by 26.3%. The company's return on equity (ROE) stands at 6.8, indicating a very attractive valuation with a price-to-book value of 0.9, suggesting it is trading at fair value compared to peers. However, the long-term fundamentals are weak, with a poor growth rate in net sales and a significant drop in profit after tax.
In the broader market context, BLB Ltd's short-term return of +0.82% over the past week contrasts with the Sensex, which has declined by 1.18% during the same period. This indicates that while the stock is experiencing some positive movement relative to the benchmark, it has consistently underperformed against the BSE500 over the last three years. The stock's long-term performance is concerning, with a return of -21.51% in the last year, which is significantly worse than the benchmark's -3.77%. This consistent underperformance, combined with weak long-term growth indicators, suggests that despite some short-term gains, the overall outlook for BLB Ltd remains challenging.