Why is Ecoplast falling/rising?

As of 24-Jun, Ecoplast Ltd's stock price is currently at 555.55, reflecting an increase of 1.55 (0.28%). The stock opened with a gain of 3.61% today and reached an intraday high of Rs 574. Despite this positive movement, Ecoplast has underperformed in the short term, with a 1-week decline of 5.53% and a 1-month decline of 13.20%. The stock has shown strong performance over the past year, generating a return of 56.76%, but it has also faced challenges, including a weak long-term fundamental strength indicated by an average Return on Equity (ROE) of 9.45% and negative growth in net sales and operating profit over the last five years. The stock's valuation appears expensive compared to its peers, which may contribute to investor caution despite recent gains.
In the broader market context, Ecoplast's recent performance contrasts with the Sensex, which has gained 0.58% over the past week. While the stock has outperformed its sector today, the overall trend shows significant underperformance over the past month and year-to-date, with declines of 13.20% and 19.49%, respectively. The rising investor participation, indicated by a 13.2% increase in delivery volume, suggests some renewed interest, but the stock's liquidity and trading below key moving averages may indicate ongoing concerns among investors about its long-term growth potential.