Why is Ecoplast falling/rising?

As of 14-Jul, Ecoplast Ltd's stock price is currently at 621.00, reflecting a decrease of 10.0 points or 1.58%. The stock has been experiencing a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 8.72% during this period. Although it opened with a gain of 2.65% today and reached an intraday high of Rs 647.75, it also touched a low of Rs 608.25. The stock's performance over the past week shows a decline of 8.47%, while it has generated a positive return of 4.19% over the past month. However, the stock's long-term fundamentals appear weak, with a low return on equity and poor growth in net sales and operating profit, contributing to its recent price movement.
In the broader market context, Ecoplast's short-term performance has underperformed the Sensex, which declined by only 1.42% over the same week. Despite a strong performance over the past three years, the stock's recent negative results, including a significant drop in profit after tax and a low debtors turnover ratio, have raised concerns among investors. Additionally, the falling investor participation, evidenced by a 72.91% decline in delivery volume, suggests a lack of confidence in the stock's future performance. Overall, while the stock has shown some resilience in the past, current indicators point to a challenging environment for Ecoplast Ltd.