Why is Deco-Mica falling/rising?

As of 31-Jul, Deco-Mica Ltd's stock price is currently at Rs 74.58, reflecting a decline of Rs 5.42 or 6.78%. The stock has underperformed its sector today by 8.05% and has experienced a trend reversal after two consecutive days of gains, hitting an intraday low of Rs 72.2, which represents a drop of 9.75%. The stock has shown high volatility with an intraday volatility of 5.12%, and trading volume has significantly decreased, with delivery volume falling by 77.96% compared to the five-day average. Despite having a relatively attractive valuation with a return on capital employed (ROCE) of 11.4 and trading at a discount to its peers, the stock's performance has been hindered by a 27.56% decline over the past year, alongside a 16% drop in profits.
In the broader market context, Deco-Mica's short-term performance has been notably worse than the benchmark, with a one-week return of -9.05% compared to the Sensex's -1.22%. This underperformance is compounded by the company's weak long-term fundamentals, including a high debt-to-EBITDA ratio of 3.61 times and a low average return on equity of 8.04%, indicating challenges in profitability. The stock's significant decline over the past year, in contrast to the market's relatively modest negative return of -3.20%, further underscores the difficulties facing Deco-Mica Ltd in attracting investor confidence.