Why is Indo Cotspin falling/rising?

As of 14-Jul, Indo Cotspin Ltd's stock price is currently at 33.30, reflecting a decrease of 0.6, or 1.77%. The stock has been underperforming, having fallen consecutively for the last two days with a total decline of 2.03%. In terms of returns, the stock has shown a modest increase of 0.91% over the past week and 2.46% over the past month, but it has significantly underperformed over the year with a staggering decline of 59.88%. Despite positive results in the last three quarters, including a 47.91% growth in net sales and a return on capital employed (ROCE) of 7.84%, the stock's long-term fundamentals are weak, highlighted by a low return on equity (ROE) of 2.72% and a poor EBIT to interest ratio of -0.02, contributing to its recent price drop.
In the broader market context, the stock's performance contrasts sharply with the benchmark, as the Sensex has generated a return of 1.40% over the past month and 5.27% year-to-date. While the stock has shown some short-term resilience, it has still underperformed the market significantly over the last year, where the BSE500 index has returned 0.26%. This underperformance, coupled with declining investor participation and liquidity issues, suggests a lack of confidence among investors, further exacerbating the stock's downward trend.