Why is Deco-Mica falling/rising?

As of 18-Aug, Deco-Mica Ltd's stock price is currently at Rs 73.00, reflecting an increase of Rs 2.5 or 3.55%. Today's price summary indicates that the stock has outperformed its sector by 0.33% and has experienced a trend reversal after two consecutive days of decline, opening with a gain of 5.67%. Despite this positive movement, the stock has underperformed over the past week and month, with declines of 3.95% and 11.25%, respectively. The stock is trading below all its moving averages, indicating a bearish trend. Additionally, while the stock has a very attractive valuation with a return on capital employed (ROCE) of 11.4 and is trading at a discount compared to peers, it has faced challenges such as a high debt to EBITDA ratio and declining profits, which may contribute to investor caution.
In the broader market context, Deco-Mica's recent performance contrasts with the Sensex, which has gained 0.83% over the past week. The stock's year-to-date return is down by 9.88%, while the Sensex has increased by 4.01% during the same period. This divergence suggests that while the stock is experiencing a short-term rebound, its longer-term performance remains weak compared to the overall market. The falling investor participation and liquidity concerns, along with flat results in recent financials, may further impact investor sentiment negatively, despite the recent uptick in price.