Why is Bonlon Industrie falling/rising?

As of 30-Jun, Bonlon Industries Ltd's stock price is currently at 34.20, reflecting a decrease of 0.6, or 1.72%. The stock has recently underperformed its sector by 1.84% and has experienced a trend reversal, falling after two consecutive days of gains. Despite a 4.05% increase over the past week, the stock has shown a decline of 2.43% over the last month and a significant drop of 7.42% over the past year, indicating consistent underperformance against the benchmark. The company's weak long-term fundamental strength, characterized by a low Return on Capital Employed (ROCE) of 2.43% and a high Debt to EBITDA ratio of 5.56 times, further contributes to the negative sentiment surrounding the stock.
In the broader market context, while Bonlon Industries has outperformed the Sensex by 4.05% in the last week, it has lagged behind in longer-term comparisons, with a year-to-date decline of 3.96% compared to the Sensex's gain of 7.00%. The stock's liquidity appears adequate for trading, but the flat results reported in March, including the lowest operating profit to net sales ratio and poor net sales growth, suggest underlying issues that may deter investor confidence. Overall, the combination of weak financial performance and a history of underperformance against benchmarks has led to a negative outlook for Bonlon Industries Ltd.