Why is Greenlam Industr falling/rising?

As of 19-Aug, Greenlam Industries Ltd is currently priced at 224.40, reflecting an increase of 5.75, or 2.63%. Despite this positive movement today, the stock has shown a decline of 10.42% over the past month and a significant drop of 22.31% year-to-date. Today's performance indicates that the stock outperformed its sector by 1.42%, reaching an intraday high of Rs 228.45. However, it is trading below its moving averages across various time frames, and there has been a notable decrease in investor participation, with delivery volume falling by 77.88% compared to the 5-day average. The stock's negative performance over the past year, with a return of -21.41% and a substantial profit decline of 72.9%, raises concerns about its long-term growth potential.
Broader market context shows that while the Sensex has gained 1.76% over the past week, Greenlam Industries has experienced a decline of 1.04% in the same period. This underperformance is compounded by the company's negative results over the last seven consecutive quarters and a decrease in institutional investor participation, which fell by 0.6% in the previous quarter. The stock's low return on capital employed (ROCE) of 7.2 and poor operating profit growth further highlight its struggles against the broader market trends. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and market conditions suggest a challenging environment for Greenlam Industries.