Why is Globe Textiles falling/rising?

As of 17-Sep, Globe Textiles (India) Ltd is currently priced at 2.21, reflecting an increase of 0.03 or 1.38%. Today's price summary indicates that the stock has outperformed its sector by 0.37%, although it is trading higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages. Despite a recent 1-week decline of 0.45%, the stock has shown a positive return of 3.76% over the past month. However, it has significantly underperformed over the longer term, with a year-to-date decline of 55.53% and a one-year return of -59.07%. The stock's valuation appears attractive with a Return on Capital Employed (ROCE) of 6.8 and a low enterprise value to capital employed ratio, but it faces challenges such as weak long-term growth and a high debt to EBITDA ratio, which may contribute to investor caution.
Broader market context shows that while Globe Textiles has outperformed its sector today, it has consistently underperformed against the benchmark, with a notable decline over the past three years. The Sensex has gained 1.43% in the last week and 2.84% in the last month, contrasting with Globe Textiles' recent performance. The stock's significant underperformance over the past year and three years, alongside a flat profit after tax and high interest expenses, suggests that broader market conditions may not favor the stock, leading to a cautious outlook among investors.