Why is Elgi Rubber Co falling/rising?

As of 24-Sep, Elgi Rubber Company Ltd is currently priced at 69.81, reflecting an increase of 0.24 or 0.34%. Despite this slight uptick, the stock has been underperforming, having fallen every week for the last eight weeks and every month for the last six weeks, resulting in a total return of -100% during these periods. The stock has also shown weak long-term fundamentals, with a low Return on Capital Employed (ROCE) of 0.71% and poor growth in net sales and operating profit over the past five years. Additionally, the company has reported negative operating cash flow and a high Debt to EBITDA ratio, indicating a challenging financial position that contributes to its recent price movements.
In the broader market context, Elgi Rubber's performance has been notably worse than the benchmark, with a one-year return of -31.30% compared to the BSE500's decline of -5.32%. While the stock has outperformed the benchmark over the last month with a return of +22.86% versus the Sensex's +0.75%, this short-term gain is overshadowed by its long-term struggles. The stock's liquidity appears adequate, but the erratic trading patterns and the significant underperformance against both the sector and the market suggest that investor confidence remains low, contributing to the overall negative sentiment surrounding the stock.