Why is Essen Speciality falling/rising?

As of 23-Sep, Essen Speciality Films Ltd is currently priced at 305.20, reflecting a slight increase of 0.15 (0.05%). The stock has underperformed significantly over the past month, with a decline of 24.98%, while the Sensex has risen by 1.20% during the same period. Despite today's performance showing an outperformance against its sector by 1.3%, the stock is trading below its moving averages across various time frames, indicating a bearish trend. The company's low debt-to-equity ratio is a positive aspect; however, its poor long-term growth, evidenced by a -14.11% annual decline in operating profit over the last five years, raises concerns. Recent financial results have also been disappointing, with a significant drop in both profit before tax and profit after tax compared to previous quarters, contributing to a perception of an expensive valuation relative to peers.
In the broader market context, the stock's short-term return of -1.23% over the past week contrasts with the Sensex's minor decline of 0.28%, indicating that Essen Speciality is struggling more than the overall market. The lack of investment from domestic mutual funds, which hold 0% of the company, suggests a lack of confidence in the stock's valuation and business prospects. This sentiment is further reinforced by the company's low return on equity of 6.6 and a high price-to-book value ratio, which may deter potential investors. Overall, while there are some positive indicators, the prevailing negative financial performance and market sentiment are likely contributing to the stock's recent price movements.