Why is Essen Speciality falling/rising?

As of 22-Sep, Essen Speciality Films Ltd is currently priced at 305.05, reflecting a slight increase of 0.55 (0.18%). Despite this small uptick, the stock has experienced significant declines over the past month and year, with returns of -25.01% and -55.12% respectively. Today's performance indicates that the stock has outperformed its sector by 0.88%, but it is trading below all key moving averages, suggesting a bearish trend. Additionally, the delivery volume has decreased by 12.58% compared to the 5-day average, indicating falling investor participation. The company's low debt-to-equity ratio is a positive aspect; however, the long-term growth outlook is poor, with operating profit declining at an annual rate of -14.11% over the last five years. Recent financial results show a significant drop in profit before tax and profit after tax compared to previous quarters, further contributing to a negative sentiment around the stock.
In the broader market context, the stock's performance has lagged behind the benchmark Sensex, which has gained 1.34% over the past month while Essen has dropped by 25.01%. This stark contrast highlights the challenges faced by Essen Speciality Films Ltd in attracting investor confidence, especially given that domestic mutual funds hold no stake in the company, suggesting a lack of comfort with its valuation. The stock's price is trading at a premium compared to its peers, and despite a modest return of 2.91% over the past year, profits have decreased by 23.4%, reinforcing the perception of it being a strong sell.