Why is Essen Speciality falling/rising?

As of 09-Sep, Essen Speciality Films Ltd is experiencing a decline in its stock price, currently at 335.05, which reflects a decrease of 16.9 points or 4.8%. The stock has underperformed significantly in the short term, with a 1-week return of -4.50% and a 1-month return of -23.30%. Today's performance indicates that it is trading below all key moving averages, which suggests a bearish trend. Additionally, despite a rise in delivery volume by 107.57%, the company faces challenges such as a poor long-term growth outlook, with operating profit declining at an annual rate of -14.11% over the past five years. The stock's valuation appears expensive, trading at a premium compared to peers, and domestic mutual funds hold no stake, indicating a lack of confidence in its price or business prospects.
In the broader market context, the Sensex has shown resilience with a 1-week return of +1.18% and a 1-month return of +2.07%, contrasting sharply with Essen Speciality's performance. While the overall market has generated negative returns of -2.87% over the last year, Essen has managed to deliver a positive return of 16.79%. However, this is overshadowed by the company's declining profits, which have fallen by -23.4% despite the positive stock return over the same period. This discrepancy highlights the underlying issues affecting investor sentiment and the stock's current downward trajectory.