Why is Elgi Rubber Co falling/rising?

As of 19-Sep, Elgi Rubber Company Ltd is experiencing a decline in its stock price, currently at Rs 71.02, which reflects a decrease of 0.32 or 0.45%. The stock has underperformed its sector by 2.8% today and has fallen consistently over the last eight weeks, resulting in a total return of -100% during this period. Additionally, the stock has not traded on five out of the last twenty days, indicating erratic trading behavior. The company has shown weak long-term fundamental strength, with a low Return on Capital Employed (ROCE) of 0.71%, poor growth in net sales, and a high Debt to EBITDA ratio, which further contributes to its negative performance.
In the broader market context, the stock has outperformed the Sensex over the past week and month, with returns of 1.49% and 23.88%, respectively, compared to the Sensex's 0.85% and 1.39%. However, year-to-date, Elgi Rubber has significantly underperformed with a decline of 47.80%, while the Sensex has gained 7.11%. This stark contrast highlights the stock's ongoing struggles despite some short-term gains, reinforcing the perception of it being a risky investment with negative operating profits and declining sales.