Why is Essen Speciality falling/rising?

As of 17-Nov, Essen Speciality Films Ltd's stock price is currently at 242.15, reflecting an increase of 8.55, or 3.66%. The stock has outperformed its sector today by 4.89%, although it is trading higher than its 5-day and 20-day moving averages, but lower than its 50-day, 100-day, and 200-day moving averages. Despite this positive movement, the stock has experienced a significant decline of 64.37% year-to-date and a 39.72% drop over the past year, indicating poor long-term growth. The company's low debt-to-equity ratio of 0.03 times is a positive factor; however, negative financial results, including a 46.7% decline in profit before tax and a 35.8% drop in profit after tax compared to previous quarters, raise concerns. Furthermore, the stock's high price-to-book value ratio of 3.8 suggests it is trading at a premium compared to peers, which may deter potential investors.
In the broader market context, Essen Speciality Films Ltd has shown a short-term return of 3.51% over the past week, outperforming the Sensex, which has increased by 1.72% during the same period. However, the stock's long-term performance remains concerning, as it has underperformed the BSE500 over the last three years, one year, and three months. The lack of domestic mutual fund investment, which stands at 0%, may indicate a lack of confidence in the company's future prospects, further contributing to the stock's volatility and recent price movements.