Why is Gujarat Cotex falling/rising?

As of 20-Aug, Gujarat Cotex Ltd's stock price is currently at 9.04, reflecting an increase of 0.18 or 2.03%. Today's performance indicates that the stock has outperformed its sector by 2.51%, 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 significant decline of 11.46% over the past month and a year-to-date drop of 47.38%, the stock has shown a strong annual return of 26.97%. Positive factors contributing to the recent price movement include a notable growth in net sales and profitability, with a PEG ratio of 0.4 suggesting an attractive valuation compared to peers. However, the stock faces challenges due to weak long-term fundamentals, including a low return on equity and a high debt-to-EBITDA ratio.
In the broader market context, the stock's performance over the past year has significantly outpaced the BSE500 index, which has generated negative returns of -1.20%. This indicates that while Gujarat Cotex has been able to deliver positive returns in a declining market, its recent performance is tempered by a lack of investor participation, as evidenced by a 14.42% drop in delivery volume compared to the 5-day average. The overall market has shown a slight increase of 1.64% over the past week, contrasting with Gujarat Cotex's flat performance in that same timeframe.