Why is Essen Speciality falling/rising?

As of 24-Jul, Essen Speciality Films Ltd is currently priced at 423.85, reflecting a slight increase of 0.35 (0.08%). The stock has shown a performance today that outperformed its sector by 0.35%. However, it is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 3.37%, and its year-to-date performance shows a significant drop of 37.64%. Despite a remarkable annual return of 223.10%, the company faces challenges such as a -40.80% decline in PAT over the last six months and a -201.3% drop in PBT, indicating poor long-term growth prospects. Additionally, a decrease in promoter stake by 2.01% suggests reduced confidence in the company's future.
In the broader market context, the stock's recent performance contrasts with the Sensex, which has only declined by 0.20% over the past week and has gained 5.99% year-to-date. This indicates that while Essen Speciality Films Ltd is underperforming relative to the benchmark in the short term, it has outperformed significantly over the past year. The stock's high valuation, indicated by a Price to Book Value of 6.9, coupled with declining profits, raises concerns among investors, further contributing to its recent price movements.